The idea of a value-added tax (VAT) is a foreign concept to most Americans. That puts us in the minority, though: VAT, a ...

Travelers to Europe who buy certain merchandise can claim a refund of the value-added taxes they pay.

Learn about Value-Added Tax (VAT), a levy on goods/services at each production stage, how it impacts your finances, and why it's crucial for global economies.

A couple weeks ago, I bought $220 worth of gifts at a store in Sorrento, Italy. The clerk punched buttons on the cash register. A receipt as long as my arm printed out. “This is your form,” he said, ...