Wopke Hoekstra implored US officials to ‘truly look into the facts’; in other news, the EU Council has reached a political ...

In dollars, that’s an average net saving of more than $70 per household after subtracting the cost of the VAT form, said officials with the U.S. Army Installation Management Command-Europe staff ...

The European Union’s tax chief said that the bloc’s use of value-added taxes shouldn’t be part of the trade tensions with the Trump administration.

But he noted one of Trump's advisers had argued that given the US applied a much lower average sales tax at state level, VAT was a "form of discriminatory tariff". Mr Ashworth said it appeared the ...

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 ...

U.S. President Donald Trump has ordered economic officials on Thursday to devise plans for reciprocal tariffs on America’s trading partners by April. © 2025 ...

President Trump’s order asks federal agencies to look at how to use tariffs to match existing duties from other nations. Photo: Andrew Harnik/Getty Images President Trump on Thursday directed ...

THE Bureau of Internal Revenue (BIR) last Jan. 16 issued Revenue Regulations (RR) 3-2025 implementing provisions of Republic Act (RA) 12023 that imposed a 12-percent value-added tax (VAT) on gross ...

Visit americanexpress.com to learn more. The idea of a value-added tax (VAT) is a foreign concept to most Americans. That puts us in the minority, though: VAT, a multi-layered tax applied at each ...

The European Union, for example, has an average VAT of 21.8 percent, which Trump administration officials argue puts American companies at a disadvantage . Economists have warned that tariffs ...

The policy published by the White House included VAT as a target – which analysts have suggested could knock around £24bn off UK GDP over the next two years. It comes amid growing concern over ...