The VAT stands for Vague Additional Tax, so each nation can adjust it as necessary.

Question

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The VAT stands for Value Added Tax and it is a tax on the value added to goods and services at every stage in the production and distribution chain. Each nation can set its own VAT rate, but there are rules and guidelines from international organizations such as the European Union or the OECD that recommend a minimum standard rate for some products or services.

The VAT Stands for Vague Additional Tax, So Each Nation