The Complex World of Sales Taxes: A Global Comparison of VAT, GST, and National Tax

• Sales tax in the US is still complex with different rates and requirements
• The FairTax Act proposes a 23% sales tax to replace other federal revenue sources
• European countries have a value-added tax (VAT) applied at each stage of the supply chain
• Canada also has its own sales tax system
• The EU is working to modernize VAT collection with initiatives like ViDA

Source: taxconnex.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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