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Value-added tax   /vˈælju-ˈædəd tæks/   Listen
Value-added tax

noun
1.
A tax levied on the difference between a commodity's price before taxes and its cost of production.  Synonyms: ad valorem tax, VAT.






WordNet 3.0 © 2010 Princeton University








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Words linked to "Value-added tax" :   excise, excise tax



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