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Travel Discussion
Reply to "Tell me about VAT"
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[quote=Anonymous]It is in almost every country in the world outside the US now, favored by economists for its non-distortionary and non-cascading nature, and by governments for its incentives to business to be compliant. You don't need to know anything about it - unless you buy something really expensive to take back too the US with you, in which case you can keep the recept and reclaim the VAT when you leave.[/quote]
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