value-added tax

Home > ... > Social Sciences and the Law > Economics, Business, and Labor > Businesses and Occupations > ...

Essential reading Compare
side-by-side The Oxford Pocket Dictionary ... World Encyclopedia The Columbia Encyclopedia, ...

value-added tax

value-added tax (VAT), levy imposed on business at all levels of the manufacture and production of a good or service and based on the increase in price, or value, provided by each level. Because the consumer ultimately pays a higher price for the taxed commodity, a VAT is essentially a hidden sales tax. Originally introduced in France (1954), it is now a major part of the tax structure of most Western European nations. In the early 1990s the U.S. government considered instituting a VAT to fund national health care programs.

Create a link to this page

Copy and paste this link tag into your Web page or blog:

<a href="http://www.encyclopedia.com/topic/.aspx#1E1-valueadd" title="Facts and information about value-added tax">value-added tax</a>

Give this article a thumbs-up on StumbleUpon

Cite this article
Pick a style below, and copy the text for your bibliography.

MLA
Chicago
APA

"value-added tax." The Columbia Encyclopedia, Sixth Edition. 2008. Encyclopedia.com. 16 Nov. 2009 <http://www.encyclopedia.com>.

"value-added tax." The Columbia Encyclopedia, Sixth Edition. 2008. Encyclopedia.com. (November 16, 2009). http://www.encyclopedia.com/doc/1E1-valueadd.html

"value-added tax." The Columbia Encyclopedia, Sixth Edition. 2008. Retrieved November 16, 2009 from Encyclopedia.com: http://www.encyclopedia.com/doc/1E1-valueadd.html

Learn more about citation styles

value-added tax

World Encyclopedia | 2005 | Â© World Encyclopedia 2005, originally published by Oxford University Press 2005. (Hide copyright information) Copyright

value-added tax (VAT) Indirect tax imposed in most European countries. Introduced in Britain in 1971, it consists of a series of taxes (calculated as a percentage) levied on goods (or services) in the various stages of their manufacture until the point of sale. See also taxation

Create a link to this page

Copy and paste this link tag into your Web page or blog:

<a href="http://www.encyclopedia.com/topic/.aspx#1O142-valueaddedtax" title="Facts and information about value-added tax">value-added tax</a>

Cite this article
Pick a style below, and copy the text for your bibliography.

MLA
Chicago
APA

"value-added tax." World Encyclopedia. 2005. Encyclopedia.com. 16 Nov. 2009 <http://www.encyclopedia.com>.

"value-added tax." World Encyclopedia. 2005. Encyclopedia.com. (November 16, 2009). http://www.encyclopedia.com/doc/1O142-valueaddedtax.html

"value-added tax." World Encyclopedia. 2005. Retrieved November 16, 2009 from Encyclopedia.com: http://www.encyclopedia.com/doc/1O142-valueaddedtax.html

Learn more about citation styles

value-added tax

The Oxford Pocket Dictionary of Current English | 2009 | © The Oxford Pocket Dictionary of Current English 2009, originally published by Oxford University Press 2009. (Hide copyright information) Copyright

val·ue-add·ed tax (abbr.: VAT) • n. a tax on the amount by which the value of an article has been increased at each stage of its production or distribution.

Create a link to this page

Copy and paste this link tag into your Web page or blog:

<a href="http://www.encyclopedia.com/topic/.aspx#1O999-valueaddedtax" title="Facts and information about value-added tax">value-added tax</a>

Cite this article
Pick a style below, and copy the text for your bibliography.

MLA
Chicago
APA

"value-added tax." The Oxford Pocket Dictionary of Current English. 2009. Encyclopedia.com. 16 Nov. 2009 <http://www.encyclopedia.com>.

"value-added tax." The Oxford Pocket Dictionary of Current English. 2009. Encyclopedia.com. (November 16, 2009). http://www.encyclopedia.com/doc/1O999-valueaddedtax.html

"value-added tax." The Oxford Pocket Dictionary of Current English. 2009. Retrieved November 16, 2009 from Encyclopedia.com: http://www.encyclopedia.com/doc/1O999-valueaddedtax.html

Learn more about citation styles

Related entries from encyclopedias, dictionaries and thesauruses

Rate these entries|See all related entries

Free newspaper and magazine articles

	Paying taxes: a question of honor: charged with increasing revenues, Bulgaria's new tax agency seeks to change the public's mind-set.(National Revenue Agency ) Magazine article from: Communication World; 11/1/2006
	Federal estate tax returns, 1998-2000.(Statistical Data Included) Magazine article from: Statistics of Income. SOI Bulletin; 3/22/2002
	Tax Season Gets Off to Strong Start for Online Preparation and Filing; TaxBrain Online Tax Center -TM- Sets Record as First Tax Service to Open before New Years Day. Business Wire; 12/31/2002

Facts and information from other sites

Related articles from newspapers, magazines, and more

	Consumption taxes: macroeconomic effects and policy issues. Magazine article from: Economic Review (Kansas City); 3/22/2005; ; 700+ words ; ...perhaps by broadening the tax base and lowering income-tax rates. However, another...replace current income taxes altogether with a consumption tax. Switching the federal...national retail sales tax, a value-added tax, and a consumption...
	Tax reform tossup.(policies of U.S. President George W. Bush) Magazine article from: U.S. News & World Report; 11/29/2004; ; 700+ words ; ...for the wealthy, further tax benefits, like permanent...proposes a "progressive value-added tax" that would also vastly...a 14 percent value-added tax would replace the income...taxation, state and local taxes would also be deductible...
	TAX COMPLIANCE BURDEN FOR SMALL BUSINESSES: a survey of tax practitioners in South Africa Magazine article from: Accountancy SA; 2/1/2008; ; 700+ words ; ...measured. How much does tax compliance cost the average...register (for four key taxes income tax, provisional tax, value added tax and employees' tax...clients to ensure that tax returns for the four key taxes are prepared, completed...
	Taxes loom on all fronts; Democrats test Ehrlich's resolve.(METROPOLITAN)(MARYLAND ASSEMBLY 2003) Newspaper article from: The Washington Times; 3/20/2003; 700+ words ; ...gasoline and alcohol taxes. "I'm paying enough taxes now. As a small businessman...Builders Inc. "Any added tax is an added burden." Mr. Ehrlich...veto any increase of taxes on sales, income...100 of assessed value would add about...
	Tax reform plans to simplify, encourage savings, vary greatly.(Originated from Knight-Ridder Newspapers) Newspaper article from: Knight Ridder/Tribune News Service; 6/8/1995; ; 700+ words ; ...flat tax, a value-added tax or some...switch to a new tax scheme to higher taxes on lower...so cutting taxes on that is...by raising taxes on the middle...different set of tax rules could...sales tax or value-added tax at the...
	Taxes: What the Children Said Newspaper article from: The Washington Post; 11/9/1997; ; 700+ words ; ...public will view as fair replacing a progressive tax on income with a flat rate tax on consumption. That sentiment will last only...slice of the wealthiest Americans. Enacting a value-added tax (VAT) of 10 or 15 percent would finance an...
	Indirect tax reform and the role of exemptions Magazine article from: Fiscal Studies; 12/1/2001; ; 700+ words ; ...part of the complete tax and transfer system...attached to indirect taxes. Indeed, there...general consumption tax, in the form of...for some years on a value added tax (VAT) system...zero. In an optimal tax framework, there...uniform indirect taxes are strong and ...
	Tax equity emerges as key election issue Democrats sense voter appeal but differ widely on what constitutes fairness Newspaper article from: The Boston Globe; 4/11/1992; ; 700+ words ; ...gains tax as well as tax breaks to help business...opposes a middle-class tax cut financed by higher taxes on the wealthy. But...studies showing that the tax-and-spending policies...income, plus a 13 percent value-added tax -- essentially a...
	Taxes to Be Raised Newspaper article from: The Washington Post; 12/21/1988; 700+ words ; ...excises. They would keep all taxes well within their historical ranges except the gasoline and energy taxes, which also buy conservation...package requires no new types of tax, like value added taxes, and stays away from issues like...
	Taxes moving to top of agenda: tax panel preparing report; reform bills in Congress.(Capitol Retail Report) Magazine article from: Do-It-Yourself Retailing; 7/1/2005; 700+ words ; ...instituting a national sales tax or value added tax and replacing the system...Greenspan told the panel that the tax code should combine income and consumption taxes. He said that consumption...economic growth and that a value added tax makes it "too easy to...