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Consumption tax information


A consumption tax is a tax levied on consumption spending on goods and services. The tax base of such a tax is the money spent on consumption. Consumption taxes are usually indirect, such as a sales tax or a value-added tax. However, a consumption tax can also be structured as a form of direct, personal taxation, such as the Hall–Rabushka flat tax.

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Consumption tax

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A consumption tax is a tax levied on consumption spending on goods and services. The tax base of such a tax is the money spent on consumption. Consumption...

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Indirect tax

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indirect tax (such as sales tax, per unit tax, value-added tax (VAT), or goods and services tax (GST), excise, consumption tax, tariff) is a tax that is...

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Sugary drink tax

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sugary drink tax, soda tax, or sweetened beverage tax (SBT) is a tax or surcharge (food-related fiscal policy) designed to reduce consumption of sweetened...

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Excise

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excise, or excise tax, is any duty on manufactured goods that is normally levied at the moment of manufacture for internal consumption rather than at sale...

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Conspicuous consumption

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labour or capital taxes. A luxury tax applied to goods and services for conspicuous consumption is a type of progressive sales tax that at least partially...

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Tax

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impose wealth taxes, inheritance taxes, estate taxes, gift taxes, property taxes, sales taxes, use taxes, environmental taxes, payroll taxes, duties and/or...

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Taxation in Japan

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national income tax (所得税) and a residential tax (住民税) based upon one's area of residence. There are consumption taxes and excise taxes at the national...

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Natural resources consumption tax

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resource consumption tax is a kind of tax which is aimed to help ensure long run sustainability by increasing awareness of natural resource consumption. The...

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List of taxes

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broad categories: Income tax Payroll tax Property tax Consumption tax Tariff (taxes on international trade) Capitation, a fixed tax charged per person Fees...

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Environmental tax

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impacts. Ecotaxes are examples of Pigouvian taxes, which are taxes on goods whose production or consumption creates external costs or externalities. An...

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List of taxes in Portugal

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of taxes in Portugal covers the types of taxes in Portugal. They are: Taxes on consumption, Taxes on assets, Taxes on income, Excise taxes and Taxes on...

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FairTax

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and Medicare taxes), gift taxes, and estate taxes, replacing them with a single consumption tax on retail sales. The proposed Fair Tax Act (H.R. 25/S...

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Abenomics

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consumption tax to 8% in 2014 and 10% in 2015 in order to balance the national budget; this tax hike was expected to further discourage consumption....

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Niue Consumption Tax

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The Niue Consumption Tax (NCT) is a value-added tax or consumption tax for goods and services consumed in Niue. It is modeled on the New Zealand Goods...

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Optimal tax

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their tax burden) and Pigouvian taxes, where the market consumption of a good is inefficient, and a tax brings consumption closer to the efficient level...

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Harmonized sales tax

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The harmonized sales tax (HST) is a consumption tax in Canada. It is used in provinces where both the federal goods and services tax (GST) and the regional...

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Fuel tax

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2003–2015, the global mean gasoline tax has decreased due to greater consumption in the low-tax countries. Chinese gasoline taxes have increased the most among...

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Sin tax

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from the tax and have to encourage "sinful" behavior in order to maintain the revenue stream. Consumption tax Ecotax Land value tax Meat tax Müskirat...

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Proportional tax

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income or consumption changes), where the marginal tax rate is equal to the average tax rate. It can be applied to individual taxes or to a tax system as...

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Taxation in Algeria

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Property tax Value added tax and Interior consumption tax Real estate tax Oil's products tax The current tax system was changed and reformed several time...

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Flat tax

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flat tax system is usually discussed in the context of an income tax, where progressivity is common, but it may also apply to taxes on consumption, property...

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Regressive tax

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the tax may be considered regressive. To measure the effect, the income elasticity of the good being taxed as well as the income effect on consumption must...

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Japan Business Federation

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government's efforts to raise Japan's consumption tax from 5% to 10%. It had previously called for the consumption tax to be raised even higher, to 15%. After...

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Alcohol laws of Turkey

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and Tourism and Ministry of Health. The high tax on the alcoholic beverages, called special consumption tax (Turkish: Özel Tüketim Vergisi or ÖTV), was...

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Taxation in Turkey

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Applicants for optional tax liability VAT is also taken from Special Consumption Tax (SCT) where SCT is applied (taxation of tax) The goods which are subject...

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List of states and union territories of India by tax revenues

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GST replaced existing multiple taxes levied by the central and state governments. It an indirect tax (or consumption tax) used on the supply of goods and...

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Sales tax

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and use tax audit. Without proper documentation, a seller may be held liable for tax not collected from a buyer. Consumption tax Excise tax Goods and...

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