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New page: A Value Added Tax (VAT) is a national sales tax paid by companies based on the value they add to a product at various stages of production or distribution. It is controversial in global t...
A Value Added Tax (VAT) is a national sales tax paid by companies based on the value they add to a product at various stages of production or distribution.
It is controversial in global trade because many countries give domestic manufacturers rebates, or a [[VAT subsidy]], if they export those goods to other nations.
It is controversial in global trade because many countries give domestic manufacturers rebates, or a [[VAT subsidy]], if they export those goods to other nations.