Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Adjusted basis is the value of an asset ...

Here's how value-added tax works, what it is and how you can get a VAT refund if you shop while traveling. Many, or all, of the products featured on this page are from our advertising partners who ...

VAT is a consumption tax applied at each production stage, reimbursed from prior stages. Consumers ultimately bear the final VAT cost, impacting lower-income groups ...