Meanings
plural value-added taxes
- alternativeAlternative form of value added tax.
For example, its two biggest deficit-cutting ideas are on the tax side, eliminating all itemized deductions for income taxes (raising $3.42 trillion over 10 years) and imposing a European-style value-added tax (VAT) of 5% on goods and services (raising $3.38 trillion over 10 years).
2024 December 28, Jonathan Nicholson, “Yes, There Are Ways To Cut The Budget Deficit. 'DOGE' Hasn’t Found Them So Far.”, in HuffPost
Synonyms & antonyms
nouna tax based on the value of the goods collected by the end retailer
Synonym sets from Open English WordNet, CC BY 4.0.
Cite this entry
value-added tax. (n.d.). In WatkinsX Dictionary. Retrieved November 2, 2026, from https://dictionary.watkinsx.com/word/value-added%20tax
“value-added tax.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/value-added%20tax. Accessed November 2, 2026.
WatkinsX Dictionary, s.v. “value-added tax,” accessed November 2, 2026, https://dictionary.watkinsx.com/word/value-added%20tax.
Source: value-added tax on Wiktionary, CC BY-SA 4.0.