Value-Added Tax (VAT): What It Is, How Refunds Work Here's how value-added tax works, what it is and how you can get a VAT refund if you shop while traveling.

The president says the VAT system used across Europe gives other countries unfair trade advantages. Here’s how the system started.

Value-added taxes, which the president says discriminate against U.S. exporters, fund a large share of government budgets in many countries.