Let's say a tomato farmer sells tomatoes to Heinz for $10,000; it's a lot of tomatoes. Now, if the U.S. VAT rate was, say, 10%, the tomato farmer would charge Heinz a total of $11,000. That's $10,000 ...

Conn Carroll is director of communications for Sen. Mike Lee, R-Utah. The spending pace of President Barack Obama and the 111th Congress simply cannot be sustained. There will either have to be ...

Value added tax, or VAT, is a widely used taxation model used around the world in all developed and developing markets except for the United States. Sales tax is used in the United States alone and is ...

President Donald Trump wants Europe to buy American stuff again. On Thursday, the president ordered economic officials to develop custom “reciprocal tariffs” for each of America’s trading partners ...

Federal Reserve Chairman Alan Greenspan’s comments last week before the tax reform commission, regarding the desirability of a consumption-based tax system, are fueling new interest in the value-added ...

Duncan Baker-Brown does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond ...