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consumption tax

American  

noun

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


Etymology

Origin of consumption tax

First recorded in 1900–05

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

That alternative would include replacing tariffs with a destination-based consumption tax and move toward a skills-based immigration system, the fund said in a report Wednesday.

From The Wall Street Journal

In Japan, Prime Minister Sanae Takaichi’s recent spending package of 21.3 trillion yen, equivalent to $136 billion, came with a high-profile proposal to cut the consumption tax, which could spur Japanese imports.

From The Wall Street Journal

In the address, Takaichi will likely repeat her campaign pledge to suspend consumption tax on food for two years to help households cope with inflation.

From Barron's

On Friday Takaichi will repeat her campaign pledge to suspend consumption tax on food for two years in order to ease inflationary pressures on households, local media said.

From Barron's

Investors are focusing on Prime Minister Sanae Takaichi’s policy steps, especially those aimed at lowering the cost of living, such as a temporary cut to the consumption tax on food.

From The Wall Street Journal