value-added tax
6
4.0
- noun
- /ˈvæljuː ˈædɪd tæks/
- Specialized
:
impuesto sobre el valor añadido
- The trust fund will be funded with a value-added tax of 5 percent imposed on certain transactions.
- value-added tax (VAT)
- value-added tax of 25 percent
The danger though, is value added taxes are a cash cow.
- The danger though, is value added taxes are a cash cow.
Examples
-
Higher taxes, including a value-added tax, on the middle class for new transfer payments for the poor.
Blog text (17) -
The EC cannot borrow or run a deficit, and its revenues largely come from value-added taxes and customs duties.
Academic text (1992) -
We need a flat income tax of 10% and a value-added tax of 5% on all goods and services.
Blog text (12) -
In place of those taxes, Russia should maintain only its value-added tax and apply it at a flat rate with no exceptions whatsoever.
Academic text (2000) -
As a country with high consumption, Spain sees itself at a disadvantage with exclusive financing through the value-added tax.
Academic text (1991) -
But the protesters specifically want a lower value-added tax, and previous VAT reductions generally haven't paid for themselves.
Academic text (2011) -
A newly instituted 11 percent value-added tax has been condemned by everyone from labor unionists to businesspersons.
Academic text (2001) -
Several weeks later, Poland provoked the ire of the EU by blocking a measure on value-added tax that had been approved by all 24 other members.
Academic text (2006) -
Moreover, projected harmonization of national tax systems threatens the Danish social security system tied to a high value-added tax rate, high excise duties, high income tax rates, and low employment contributions.
Academic text (1996) -
The store added a value-added tax to the final price of the electronics after the purchase was completed.
Synonyms
20
5.0
A tax added to the price of goods and services
1
4.2
A tax added to most goods and services and paid at each stage of production or sale
1
5.5
A tax added to the price of goods and services that you pay when you buy them
1
7.7
A tax charged as a percent of the price of goods or services
A tax added to the price of goods and services that businesses charge customers
Surface Forms
Morphology
value-added + tax
The meaning 'a tax on the value added to goods or services' is directly and compositionally derivable from 'value' + 'added' (the increment in worth) plus 'tax' (a government charge). This compound is a transparent technical description and is cross‑linguistically common (e.g., VAT/IVA/TVA), so a B1 learner who knows the constituent words can reasonably infer the MWE's meaning.
Etymology
Value-added tax literally says what it is: a tax on the extra value added at each step of making and selling something, like when raw parts become a finished product. So, it means the government taxes the new value created at each stage and this cost often shows in the final price.