VAT Value Added Tax is a continental invention. French tax authority apparatchik Maurice Laure fathered the tax in 1954, although a tax that touched on every stage of the production process was first theorised in Germany a century earlier.
VAT Value Added Tax is a continental invention. French tax authority apparatchik Maurice Laure fathered the tax in 1954, although a tax that touched on every stage of the production process was first theorised in Germany a century earlier.