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Old 09-23-2005, 03:32 AM  
justsexxx
Too lazy to set a custom title
 
Join Date: Aug 2001
Location: The Netherlands
Posts: 13,723
Value added tax (VAT) is a sales tax levied on the sale of goods and services. In some countries, including Singapore, Australia, New Zealand and Canada, this tax is known as "goods and services tax" or GST. VAT is an indirect tax, in that the tax is collected from someone other than the person who actually bears the cost of the tax.
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