ValueAddedTax

'Pasty' Tax Battle Burns British Pols -- and Possibly Your 401(k)

Britons recently took to the streets to protest a plan to tax "pasties" -- popular baked goods that resemble Hot Pockets -- and the government couldn't take the heat. Here's why that tax protest victory is likely to leave a bitter taste in U.S. mouths.

Sneaky European Tax Robs U.S. Businesses Blind

Value-added taxes are big revenue generators in Europe, but if you're not a local person or business, you're supposed to be able to get them refunded. Tell that to the almost 72% of companies spending money overseas that have had trouble getting their VAT refunds or the 21% that have been unable to reclaim any VAT at all.

Value-added tax (VAT) looms in our future