A value-added tax (VAT) or general sales tax (GST) is a form of consumption tax. From the perspective of the buyer, it is a tax on the purchase price.From that of the seller, it is a tax only on the value added to a product, material or service, from an accounting point of view, by this stage of its manufacture or distribution.he advantage of the VAT system over the sales tax system is that under sales tax, the seller has no incentive to disbelieve a purchaser who says it is not a final user. That is to say the payer of the tax has no incentive to collect the tax.
Abraham Lincoln was commander-in-chief of union forces during the U.S. Civil War. President Lyndon Johnson was known for his rigid control of the military during wartime. A portrait of George Washington, the first president of the United States and commander-in-chief of the US military.
Which president was the first commander in chief of the US army and navy? George Washington was the first president to command the army, but there was no operational US Navy during his presidency. The US Navy was established in 1794, but had no ship â¦ s until the first frigate United States was completed in 1797, when John Adams had become President. The Constitution specifies that the President is the Commander-in-Chief of the military. The first US President (George Washington) was thus the first Commander-in-chief of whatever military forces were in place at the time.