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value-added tax


from The American Heritage® Dictionary of the English Language, 4th Edition

  • n. A tax on the estimated market value added to a product or material at each stage of its manufacture or distribution, ultimately passed on to the consumer.

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. Alternative form of value added tax.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • n. a tax levied on the difference between a commodity's price before taxes and its cost of production


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