Value-added tax

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Notion

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Science and technology

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What Wikipedia says

A value-added tax (VAT), goods and services tax (GST), or general consumption tax (GCT) is a consumption tax that is levied on the value added at each stage of a product's production and distribution. VAT is similar to, and is often compared with, a sales tax.

Excerpt from the Wikipedia article “Value-added tax”, under the CC BY-SA 4.0 license. Read the article on Wikipedia

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