"Value added" is bit misleading. As it indicates point where taxation events happen when it is inside market. But in reality it is purely a consumption tax. An

"Value added" is bit misleading. As it indicates point where taxation events happen when it is inside market. But in reality it is purely a consumption tax. And well with imports value add happens at the border, where magically a car for example appears. So value addition of whole car's value is done. From zero to cars value in added value.