VALUE ADDED TAX is a consumption tax where taxes are levied at each step of a manufacturing process where value is added to that product at that point in the manufacturing cycle; as well as at the point where the consumer purchases the end product.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). value added tax. Retrieved September 21, 2026, from http://smartdefine.org/value_added_tax/definitions/1166127 |
| Chicago | Barry Goldsmith. 2010. "value added tax" http://smartdefine.org/value_added_tax/definitions/1166127 (accessed September 21, 2026). |
| Harvard | Barry Goldsmith 2010, value added tax, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/value_added_tax/definitions/1166127>. |
| MLA | Barry Goldsmith. "value added tax" 21 October 2010. Web. 21 September 2026. <http://smartdefine.org/value_added_tax/definitions/1166127> |