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value-added tax
noun
- an excise tax based on the value added to a product at each stage of production or distribution: value added is arrived at by subtracting from the total value of the product at the end of each production or distibution stage the value of the goods bought at its inception. : VAT
value-added tax
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Word History and Origins
Origin of value-added tax1
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Example Sentences
The paper's authors, who include Mike Lind, suggest a possible value-added tax as a way to raise the revenue.
Value Added Tax: Huge revenue-raiser, which is why Republicans hate it.
I may be wrong on this next point, but I'm fairly certain that all 10 have a value-added tax too.
Daniels had the temerity to merely mention apparently taboo words: value-added tax and gasoline tax.
In Europe, you pay for it through a heavy consumption tax called the VAT, or value-added tax.
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