Business/Economics

Business/Economics - learn from the smartest.

Upgrade to Britannica Online

Take a tour, New improved britannica online

Imagine Britannica's 32-volume encyclopedia online right there for you, plus full access to articles. Amazing content, written by world experts, that you can cite for projects and assignments.

Click here for Britannica shop

consumption tax

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.

Find more information on consumption tax. Upgrade to Britannica Online for more on consumption tax.

  • Get more
  • M?ss?ng more?

    Subscribers see 10 times more content. Just US $69.95 per year

  • Britannica, just as colourful as Hong Kong
  • Times may change, but insightful knowledge is still in demand. That's why Britannica brings a world of knowledge online, to Hong Kong. Have a look for yourself.