Changes

A Value Added Tax (VAT) is a national sales tax paid by companies based on the value they add to a product at various stages of production or distribution.

A '''Value Added Tax''' (VAT) is a national [[sales tax]] paid by companies based on the value they add to a [[product]] at various stages of production or [[distribution]].

It is controversial in global trade because many countries give domestic manufacturers rebates, or a [[VAT subsidy]], if they export those goods to other nations.

It is controversial in [[global trade]] because many countries give domestic manufacturers rebates, or a [[VAT subsidy]], if they [[export]] those goods to other nations.