Countries with VAT include Germany at 19 percent, France at 20 percent, Japan at 10 percent, and China at 13 percent. The highest VAT in the world is Hungary at 27 percent. The U.S. does not have ...

In the June issue of the RIETI Report, we present the column "How much harm will Japan's next VAT rate increase inflict on the economy?" originally published on VoxEU by David Cashin of the Federal ...

The Japanese government has reformed its tax-free shopping system, transitioning from the current Consumption Tax-off model to a Consumption Tax-on scheme.

Japan's Nikkei share average slumped to an eight-month low on Thursday after U.S. President Donald Trump revealed a broad set ...