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Value-added tax

"Value-added tax" in a Sentence (1 examples)

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).

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