value-added tax

See also: value added tax

English

Noun

value-added tax (plural value-added taxes)

1. Alternative form of value added tax
   • 2024 December 28, Jonathan Nicholson, “Yes, There Are Ways To Cut The Budget Deficit. 'DOGE' Hasn’t Found Them So Far.”, in HuffPost‎^[1]:

     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).