The world of consumption taxes can be confusing, especially when comparing the tax system in the U.S. to the systems used in other countries. For U.S. shoppers and businesses, it’s important to know ...

Value added tax (VAT) or goods and services tax (GST), also known as indirect taxes, are consumption taxes levied on any value that is added to a product. These are considered indirect taxes since the ...

Forbes contributors publish independent expert analyses and insights. Aleksandra Bal covers indirect tax and technology developments. In today's interconnected world, digital businesses have ...

India’s GST is failing to act as a tax on value addition, since its credit system has got bent out of shape. Cascades don’t ...