VAT

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VAT

VAT

1. GOST 7.67 Latin three-letter geocode for the Vatican. The code is used for transactions to and from Vatican bank accounts and for international shipping to the Vatican. As with all GOST 7.67 codes, it is used primarily in Cyrillic alphabets.

2. See: Value-added tax.

VAT

VAT

see VALUE-ADDED TAX.

VAT

see VALUE-ADDED TAX.
References in periodicals archive ?
There's a little dissembling going on when Grover Norquist consistently uses the VAT and a federal retail sales tax interchangeably.
Of course, you could argue (and Norquist does) that a retail sales tax will inevitably become a VAT.
This is because a VAT is capable of dealing with the many administrative problems I have outlined.
The VAT is an economically neutral tax and therefore will improve economic efficiency.
A VAT would improve our competitive performance in a global economy.
A VAT would improve our savings rate and would encourage capital formation.
However, a cross-country analysis of OECD data for twenty-three countries shows that saving rates are not higher in countries that rely more heavily on a VAT for revenue.
ONE ADVANTAGE that many supporters cite for substituting a VAT for income taxes is that a VAT - as a tax on consumption - would stimulate the saving rate in the U.
Therefore, in the United States, we may be able to gain the traditional advantages of a VAT without having to suffer the political disadvantages of adopting a tax on consumers as such.
While Treasury officials openly advocate tax integration, no one in the Administration will even talk about a VAT or any other additional tax.
Although conceding the VAT was a definite positive option, the report also stated that there would be problems in adopting such a tax, including likely opposition at the state government level and the need for "an elaborate and detailed" new tax administration system.
She also argued that a VAT is regressive in nature and would be inflationary.