> A value-added tax (VAT or goods and services tax (GST), general consumption tax (GCT)) is a consumption tax that is levied on the value added at each stage of a product's production and distribution. […] VAT is an indirect tax, because the consumer who ultimately bears the burden of the tax is not the entity that pays it.
(Even then, Wikipedia is oversimplifying: "ultimately bears the burden" isn't how economies work.)
alt Hacker News
The third sentence of the Wikipedia article begs to differ. https://en.wikipedia.org/w/index.php?title=Value-added_tax&o...
> A value-added tax (VAT or goods and services tax (GST), general consumption tax (GCT)) is a consumption tax that is levied on the value added at each stage of a product's production and distribution. […] VAT is an indirect tax, because the consumer who ultimately bears the burden of the tax is not the entity that pays it.
(Even then, Wikipedia is oversimplifying: "ultimately bears the burden" isn't how economies work.)