Definition von consumption tax im Englisch Englisch wörterbuch
A consumption tax is a tax on the purchase of a good or service. The term "consumption tax" refers to a system whose tax base is consumption (as opposed to income or labour). While this can be structured like a sales tax, realistic proposals for a consumption tax recognize that regressivity is a problem with pure sales taxes. Using exemptions, graduated rates, deductions or rebates, a consumption tax can be made progressive, while allowing savings to accumulate tax-free
An indirect tax imposed on transfer of goods and services at each stage of their supply The difference between output tax (tax collected for revenue earned from the transfer) and the input tax (tax paid on expense paid on the transfer) will be the tax liability to the government This tax is, in concept, value added tax (VAT)
Taxes levied on the consumption of goods and services Indirect taxes on consumption include excise duties, wholesale or retail sales taxes, value-added taxes, or other taxes on intermediate transactions Consumption taxes form a wedge between the price paid by the purchaser and the price received by the supplier For any good or service, the demand price is the market price plus consumption taxes and less consumption subsidies
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