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Value-added tax

noun

Definitions

Noun
  1. 1
    Alternative form of value added tax. alt-of, alternative

    "For example, its two biggest deficit-cutting ideas are on the tax side, eliminating all itemized deductions for income taxes (raising $3.42 trillion over 10 years) and imposing a European-style value-added tax (VAT) of 5% on goods and services (raising $3.38 trillion over 10 years)."

  2. 2
    a tax based on the value of the goods collected by the end retailer wordnet

See also for "value-added tax"

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