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Related Definitions
Ad valorem tax Ad valorem tax is a tax (such as VAT) which is calculated according to the value of the goods or services taxed.
Arrow’s impossibility theorem Arrow’s impossibility theorem is the theory that in a group of two or more it may happen that it becomes impossible to get a result from
Ad Valorem Duty Duty assessed as a percentage rate of the value of the imported merchandise is called Ad Valorem Duty.