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quiz
Taxing Situations
U.S. companies that exhibit internationally are no doubt familiar with value-added tax, or VAT, a levy that's assessed on a product imported into many countries, even temporarily. But while this type of tariff may be nearly universal, taxing everything from giveaway items and flatscreens to pencils and paper, the acronyms it goes by around the globe are often anything but. You'll see what we mean in this month's quiz when you try to match the country with its local acronym for VAT. But don't worry – it's not too taxing.By Charles Pappas
click your choice to see if you're right
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