Difference between revisions of "Value Added Tax"
Jump to navigation
Jump to search
(New page: 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 t...) |
(bold title; see also, links) |
||
| Line 1: | Line 1: | ||
| − | 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. |
| + | |||
| + | ==See Also== | ||
| + | |||
| + | [[Taxation]] | ||
Revision as of 18:32, April 18, 2007
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.