TVA
German translation: Tax on Value-Added
| 11:19 Aug 21, 2002 |
| English to German translations [PRO] Bus/Financial | |||||||
|---|---|---|---|---|---|---|---|
|
| ||||||
|  Selected response from: pschmitt Local time: 13:12 | ||||||
Grading comment
| |||||||
| Summary of answers provided | ||||
|---|---|---|---|---|
| 4 +2 | Tax on Value-Added |
|
Answers
15 mins confidence: 
peer agreement (net): +2
peer agreement (net): +2Tax on Value-Added Explanation: Steuer auf Mehrwertsteuer Hope this helps -------------------------------------------------- Note added at 2002-08-21 14:02:39 (GMT) -------------------------------------------------- \"The value-added tax, or VAT, has its theoretical origins in the US. The concept was evidently first proposed by Professor T. S. Adams, who discussed the concept in papers published during the period 1911-21. It was promoted in 1918 by the German industrialist Wilhelm von Siemens. It was considered for several decades until it was implemented in Michigan in 1953. France adopted the VAT in 1954, and since then most European countries and a number of other countries have adopted it. In France, the VAT is called the taxe sur la valeur ajouté, or TVA. In Mexico, the tax is called the IVA -- impuesto de valor agregado. The acronym TVA could have been adopted in English -- tax on value added -- but was not. Economist Alan Tait suggested that this reversal of the acronym in English is perhaps indicative of British attitudes toward things European.\" |
| |
Grading comment
| ||