Which country was the first to implement Goods and Services Tax (GST)?

Options

A. Canada
B. France
C. Germany
D. USA

Answer

B

Explanation

* France-The first country to implement GST in 1954.
* Today 160 countries have GST/VAT.
* Most European countries introduced GST back in the 1970s-80s,
* The US is the only major economy that does not have GST. States enjoy high autonomy in taxation.
* China implemented GST in 1994 while Russia did it in 1991.