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.
President Truman designated General Douglas MacArthur as Commanding General of the United Nations Command (UNC). The first several months of the war were characterized by armies advancing and retreating up and down the Korean peninsula.