A brief summary of VAT, tariffs and duties
2 Articles
2 Articles
Therefore, VAT is not a tariff. When Donald Trump announced his extensive tariffs on April 2, he used the argument during his speech that other countries have introduced “exorbitant VAT taxes, s
A brief summary of VAT, tariffs and duties
VAT and tariffs Suddenly, customs duties and tariffs have captured the spotlight and are dominating global news. Who would have thought that such a mundane topic would play such an important part of both domestic and international commerce? There is a lot of talk from the US President that VAT is a tariff, and if the logic is “a tax is a tax” then Trump would be right, but not all taxes are taxes, and VAT is not a tariff because whilst they are …
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