Feb 18th, 2009 at 9:00AM: Take an international flight, and the signs are seductive. "Duty-free" beckons you into endless rows of stores with some sense of tax savings and bargain shopping. In the United States, this trims the cost of local import taxes, but in Europe, you also bypass the value added tax (VAT), which can cut the cost by up to 25 percent. But, it's not that easy ... it's never that easy. On your next ...Click on a label to read posts from that part of the world.
VAT posts
What's the deal with duty-free?
Feb 18th, 2009 at 9:00AM: Take an international flight, and the signs are seductive. "Duty-free" beckons you into endless rows of stores with some sense of tax savings and bargain shopping. In the United States, this trims the cost of local import taxes, but in Europe, you also bypass the value added tax (VAT), which can cut the cost by up to 25 percent. But, it's not that easy ... it's never that easy. On your next ...
