 | In Aberdeen's January 2011 Value-Added Tax (VAT) study, 43% of the surveyed companies were looking to improve their VAT management initiatives, in light of their plans for international expansion. Most of these companies were based in the United States (US), looking to grow internationally. Thus the study was aimed to assist US companies in understanding how VAT differs from Sales and Use Tax (SUT), and to provide guidelines on how to transact and manage under a global indirect tax system. As a follow-up, Aberdeen set forth and conducted this latest International VAT study to benchmark how these globalizing companies have been performing in managing their indirect taxes (e.g., transaction taxes or VAT on goods and services) in the past year relative to their global peers. Request Free! |
