Last week, the European Commission released its long-awaited implementation plan for “VAT in the Digital Age” (ViDA), a sweeping package of reforms that will reshape how VAT is managed across the ...
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 ...
Forbes contributors publish independent expert analyses and insights. Aleksandra Bal covers indirect tax and technology developments. With Black Friday fast approaching, many e-commerce sellers are ...