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consumption tax

noun

  1. a tax, as a sales tax, levied on consumer goods or services at the time of sale.



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Word History and Origins

Origin of consumption tax1

First recorded in 1900–05
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Example Sentences

Examples have not been reviewed.

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.

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The government killed the proposal for privatization and adopted the proposal of raising the consumption tax instead.

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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.

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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.

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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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