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单词 consumption tax
释义
consumption tax
noun[CorU]
uk
us
TAX
ataxthat isaddedto thepriceofgoodsandservicesboughtby thegeneralpublic:
Under aconsumptiontax, those whospendmore would betaxedmore.
See also
indirect tax
sales tax
VAT
(Definition ofconsumption taxfrom theCambridge Business English Dictionary© Cambridge University Press)

Examplesofconsumption tax

consumption tax
Some argue that inflation is a regressive non-linearconsumptiontax.
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Consumptiontaxrate is only 8%, while corporate tax rates are high, second highest corporate tax rate in the world, at 36.8%.
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In economic sense, a duty is also a kind ofconsumptiontax.
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Aconsumptiontaxtaxes only consumption, so if one sells an investment to buy another investment, no tax is imposed.
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The 5% is made up of a 4% nationalconsumptiontaxand a 1% localconsumptiontax.
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Opponents contend that aconsumptiontaxof this size would be extremely difficult to collect, and would lead to pervasive tax evasion.
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He therefore decided to abandon any plans for aconsumptiontax, although the remainder of the reforms were adopted in the tax reform package.
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In 2014, theconsumptiontaxwas raised to 8%, leading to a new price of 11,850 yen.
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The plan would also replace the corporate income tax with a border-adjusted businessconsumptiontaxof 8.5%.
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Economic theory is very clear that the incidence of aconsumptiontax(who is expected to pay the tax) is inconsequential.
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These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
#https://dictionary.cambridge.org//dictionary/english/consumption-tax##
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更新时间：2024/12/27 13:14:14