What it sounds like: a consumption tax on the "value added" at each stage of production. Here's how that works : Imagine a $1 loaf of bread you buy from the supermarket with a VAT of 10%.

Each percentage point of a VAT would increase this amount by 2.5 percent, increasing each household's annual tax burden by $534. Some suggest the VAT rate should be set as high as 20 percent. [4] ...

A value-added tax (VAT) is a fee that is assessed against businesses by a government at various points in the production of goods or services—usually any ...

Value-added taxes (VAT), which are a type of consumption tax, are major sources of revenue for countries in the Organization for Economic Co-operation and Development (OECD), among other regions ...

Value Added Tax is a consumption tax that is levied on the sale of goods and services. Learn more about what VAT is and how it works in this comprehensive guide.

So the U.S. could reasonably expect shortfalls in this range—especially during the early stages of implementing a VAT. Some suggest a VAT rate of 20 percent for the U.S.

A value-added tax (VAT) is a tax on consumption that’s levied at every step of the production stage of a good or service. Businesses pay the sum of the value that’s added to the product or ...

The VAT is a consumption tax that taxes the value added by businesses at each point in the production chain. It can apply to both manufactured goods and services.

The value-added tax can pull in billions of dollars with a rate that seems low. Then, a small increase will net a few more billions. No wonder that almost all countries have a VAT.

The Value-Added Tax has reportedly resurfaced in Washington as a possible future revenue source to help balance the budget, pay for Medicare and Social Security or possibly fund part of the ...

That’s right, the US could finally join every other developed economy on earth and adopt a value-added tax. Before it’s here, it’s on the Bloomberg Terminal LEARN MORE ...