Tax: means an amount that may be added by law to the cost of a product or a service being sold. Dependent upon the location of purchase and local legal requirements and practice, the advertised price may or may not include tax. Tax is taken to mean the following in each of the tax regimes detailed below:

Value Added Tax (VAT) - VAT is applied in all EU member states, as well as Switzerland and South Africa.

Sales Tax - United States of America.

Good & Services Tax (GST) - Australia, Canada, Singapore.

Harmonised Sales Tax (HST) - Canada.

Consumption Tax - Japan.

The above list is not definitive, and the absence of a country does not necessarily mean that tax will not be applied to the value of a sale. FT reserves the right to apply taxes as prescribed by the laws and regulations of a territory in which a sale arises.

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