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.
George Washington. George Washington was the first president of the United States, Commanding General during the American Revolution and remains as one of the most influential and famous figures in American history. His contribution extends far beyond perhaps any other in the history of the United States.