Earned Income Tax Credit | How the VAT Works

How the VAT Works

When you travel outside the US or watch a British TV show you may hear the phrase "VAT". VAT is an acronym that stands for Value Added Tax. It's a kind of sales tax that is one of the most common forms of taxation the world. Persons that travel a lot or conduct business outside the US should definitely be aware of this form of taxation and its implications.

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