Glossary
Value Added Tax (VAT)
An indirect tax on the value added at each stage of production, used by most U.S. trading partners but not the United States. Often functions as a de facto tariff on American exports.
More Terms
- PAC (Political Action Committee) →
- Super PAC →
- 501(c)(4) →
- Leadership PAC →
- Federal Election Commission (FEC) →
- Federal Election Campaign Act (FECA) →
- Electoral College →
- Tariff →
- Section 232 (Trade Expansion Act) →
- Section 301 (Trade Act of 1974) →
- IEEPA →
- Foreign Terrorist Organization (FTO) →
- Migrant Protection Protocols (MPP) →
- Title IX →