value-added tax
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About Our Definitions: All forms of a word (noun, verb, etc.) are now displayed on one page.value–added tax
nounDefinition of VALUE-ADDED TAX
: an incremental excise that is levied on the value added at each stage of the processing of a raw material or the production and distribution of a commodity and that typically has the impact of a sales tax on the ultimate consumer
See First Known Use of VALUE-ADDED TAX
1935
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