This setup means companies don’t really pay the VAT — they just help collect it. But, shoppers don’t get this offset, so they’re the ones who truly pay the tax. Here’s an example of how ...

The VAT began life in the more developed countries of Europe and Latin America but, over the past 25 years, has been adopted by a vast number of developing and transition countries. A recent IMF study ...

Value-added tax, known more commonly as VAT, can add thousands of dollars to clinical trial costs but is fully recoverable.