Value-added tax

Value-added tax
Commonly known as VAT, is a tax that is added to a product at each point of its production. Ex. Beer, would have multiple points of production growing the hops, brewing the beer and finally bottling the beer.
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Value-Added Tax - VAT
A type of consumption tax that is placed on a product whenever value is added at a stage of production and at final sale. Value-added tax is most often used in the European Union.

Value-added tax
Method of indirect taxation that levies a tax is at each stage of production on the value added at that specific stage.

Value-added tax
Tax added onto a product during each step of production, from raw material to finished good.

VAT (abbreviation)
value-added tax
value-added
Value-Added Activity (in accounting) ...

Often referred to as a value-added tax system, or VAT for short, the X tax is already used within the internal tax systems of a number of countries around the world.

However, a consumption tax draws criticism from some people who argue that it is a regressive tax that would hurt poor people more than the rich. One type of consumption tax is a value-added tax (VAT), which is common in Europe.

trying to make the labor market more like a financial market. Following this tradition, Professor Kim Swales of the University of Strathclyde has considered a Pigovian approach to helping unemployment that involves tax breaks on the value-added tax.

See also: Income, Market, Production, Investment, Vesting