consumption tax Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “consumption tax” in the English Dictionary

"consumption tax" in Business English

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consumption taxnoun [C or U]

uk   us  
TAX a ​tax that is ​added to the ​price of ​goods and ​servicesbought by the ​generalpublic: Under a ​consumptiontax, those who ​spend more would be ​taxed more.
(Definition of consumption tax from the Cambridge Business English Dictionary © Cambridge University Press)
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