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Meaning of value-added tax | Babel Free

Noun CEFR B2

Definitions

Noun. [B2]

Examples

“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).”

CEFR level

B2

Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.

See also

value-form Valued valued policy Valueless Valuelessness valueness