consumption tax

American  

noun

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

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Etymology

Origin of consumption tax

First recorded in 1900–05

Example Sentences

In addition to the promise of increased public spending of around $135 billion, or 3% of Japan’s GDP, Takaichi also promised to eliminate the consumption tax on food.

From Barron's

In addition to the promise of increased public spending of around $135 billion, or 3% of Japan’s GDP, Takaichi also promised to eliminate the consumption tax on food.

From Barron's

“Authorities intend to ensure that no additional bonds will be issued to fund the two-year food consumption tax reductions,” said Min Joo Kang, South Korea and Japan economist at ING.

From Barron's

Her immediate economic priorities include a temporary cut to a consumption tax on food to give households some relief from rising prices.

From The Wall Street Journal

"Most parties are in favour of reducing the consumption tax... I strongly want to call for the establishment of a supra-party forum to speed up discussion on this, as it is a big issue," Takaichi said.

From Barron's