CONSUMPTION TAX


Meaning of CONSUMPTION TAX in English

Levy such as an excise tax, a sales tax , or a tariff paid directly or indirectly by the consumer.

Consumption taxes fall more heavily on lower-income than on upper-income groups because people with less money consume a larger proportion of their income than those with more money. See also progressive tax , regressive tax .

Britannica Concise Encyclopedia.      Краткая энциклопедия Британика.