What does the VAT acronym stand for?

Value Added Tax
Value Assigned Tax
Verified Accountable Tax
Valid Area Tax
The concept of VAT tax was first proposed by German industrialist Dr. Wilhelm von Siemens in 1918. France was the first country to introduce it in 1958. As of 2018, 166 of the 193 countries employ a VAT, including all major countries except the United States.
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Answers by country

Value Added Tax
Value Assigned Tax
Verified Accountable Tax
Valid Area Tax
answers
flagAustralia
95%
0%
0%
0%
20
flagthe United Kingdom
91%
0%
2%
2%
46
flagthe Philippines
80%
13%
6%
0%
15
flagIndia
79%
6%
7%
4%
105
flagthe United States
65%
17%
13%
4%
92
flagPoland
63%
19%
9%
6%
1291
flagGreece
63%
27%
0%
9%
11
flagGermany
52%
16%
20%
12%
25