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consumption tax
noun
a tax, as a sales tax, levied on consumer goods or services at the time of sale.
Word History and Origins
Origin of consumption tax1
Example Sentences
They wanted something guaranteed and they were willing to pay more taxes, particularly a consumption tax they thought could be raised to finance the pension system.
The government killed the proposal for privatization and adopted the proposal of raising the consumption tax instead.
The two most effective: a 40% minimum recycled content mandate for new plastic products, followed by a cap on new plastic production, in addition to a plastic consumption tax and increased investment in waste management systems.
If a tax policy cuts a flat income tax across the board, "you would expect low-income Americans to not get as large of a tax cut as consumption tax increased," he told Salon in an interview.
In a bid to boost supply, the government has said it will remove the federal 5% consumption tax on the construction of new rental apartment buildings and is telling cities to do more to address the issue.
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