NOUN
- a tax levied on the difference between a commodity's price before taxes and its cost of production
How To Use value-added tax In A Sentence
- VILNIUS - Vilniaus Energija, the heating supplier to Vilnius, has announced plans to increase heating prices in homes by 51.1 percent to 34.09 Lithuanian centas (9.88 euro cents) per kilowatt-hour (kWh), not including the value-added tax (VAT), starting February. News from Estonia, Latvia and Lithuania. The Baltic Times.
- The new austerity measures include higher taxes on wages and pensions and a value-added tax on services, such as transportation, which up to now had been exempt.
- I'm guessing Bai is referring to Brown's last run for President, where he did run as an outsider and had some progressive things he was pushing for, but also advocated some highly unprogressive ideas like a tax plan that included a flat tax and a value-added tax, written for him by Reagan adviser and supply-side guru Arthur Laffer. Mike Lux: A Modern Populist Movement
- Even though 99 per cent of the high-end watches in the China market are imported, the tax authorities can only collect the watch tariff and value-added tax, he said.
- Yes, a Pringle is a potato chip (or potato "crisp") for purposes of the British value-added tax. Update: Pringles *are* potato chips, after all (Jack Bog's Blog)
- But If American consumers are in long-term retrenchment mode, a value-added tax that discourages consumption and encourages savings will further depress the consumer-spending component of GDP. When It Comes to Others' Big Tariffs, U.S. Is a Patsy
- Not wanting to let a "serious crisis go to waste, " in the words of Obama aide Rahm Emanuel, Democrats might swoop in and deliver the death blow to US taxpayers -- a European-style value-added tax.
- European governments already rely more on consumption taxes than other rich countries do, and some are raising their rates of value-added tax.
- Several legislators have urged the government to suspend the controversial value-added tax that was extended to cover service industries.
- Prosecutors allege that the mob used the carrousel of transactions to launder vast sums of money while the broadband providers reaped millions in value-added tax credits. Italy's Fastweb Joins Rivals as Broadband Prices Fall
