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Value-Added Tax (VAT)
A tax on the amount by which the value of an article has been increased at each stage of its production or distribution, ultimately passed on to the consumer.
Progressive Taxes
A tax system where the tax rate increases as the taxable amount or income increases, placing a higher financial burden on wealthier individuals.
Hidden Tax
A non-obvious tax or financial burden on consumers that is not directly imposed by legislation but occurs through regulation or other means.
Value-Added Tax (VAT)
A type of consumption tax that is placed on a product whenever value is added at a stage of production and at the point of retail sale.
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