Consumption tax

consumptionconsumption taxesbroad-based consumption taxconsumer taxconsumption sales taxInterior consumption tax
A consumption tax is a tax levied on consumption spending on goods and services.wikipedia
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Value-added tax

VATvalue added taxGoods and Services Tax
Consumption taxes are usually indirect, such as a sales tax or a value-added tax.
Confusingly, the terms VAT, GST, consumption tax and sales tax are sometimes used interchangeably.

Harmonized sales tax

HSTa single tax combining both formsharmonize
In Canada it is also called Harmonized Sales Tax when it is combined with a provincial sales tax.
The harmonized sales tax (HST) is a consumption tax in Canada.

Goods and Services Tax (New Zealand)

GSTGoods and Services Taxdoods and services tax
In Australia, Canada, New Zealand and Singapore, it is instead called a "Goods and Services Tax."
Goods and Services Tax (GST) is a value-added tax or consumption tax for goods and services consumed in New Zealand.

Goods and services tax (Australia)

Goods and Services TaxGSTGoods and Services Tax (GST)
In Australia, Canada, New Zealand and Singapore, it is instead called a "Goods and Services Tax."
Les Bury, federal treasurer in the Gorton Government, was an early supporter of a broad-based national consumption tax, believing that states needed a revenue source of their own without resorting to a reintroduction of state income tax.

Ad valorem tax

ad valoremad valorem'' taxad valorem'' taxes
The tax amount is usually ad valorem, that is, it is calculated by applying a percentage rate to the taxable price of a sale.
A sales tax is a consumption tax charged at the point of purchase for certain goods and services.

Flat tax

flat income taxflatflat rate
A direct consumption tax may be called an expenditure tax, a cash-flow tax, or a consumed-income tax and can be flat or progressive.
Designed by economists at the Hoover Institution, Hall–Rabushka is a flat tax on consumption.

Proportional tax

proportionalproportion to their possessionsproportional income tax
A simple value-added tax would be proportional to consumption but would also tend to be regressive on income at higher income levels, as consumption tends to fall as a percentage of income as income rises.
If a consumption tax is to be related to income, the unspent income can be treated as tax-deferred (spending savings at a later point in time), at which time it is taxed creating a proportional rate using an income base.

Sales tax

salessales taxesnational sales tax
Consumption taxes are usually indirect, such as a sales tax or a value-added tax.

Shinzō Abe

Shinzo AbeAbeAbe government
Over the following years a number of LDP politicians discussed raising it further, including prime ministers Shinzō Abe, Yasuo Fukuda, and Tarō Asō.
Omi previously supported increases in the national consumption tax, although Abe distanced himself from this policy and sought to achieve much of his budget balancing through spending cuts.

Ichirō Ozawa

Ichiro Ozawa(Ichiro) OzawaOzawa
Despite an internal battle that saw former DPJ leader and co-founder Ichirō Ozawa and many other DPJ diet members vote against the bill and then leave the party; on June 26, 2012, the lower house of the Japanese diet passed a bill to double the tax to 10%.
In July 2012 he left the DPJ with around fifty followers to found the People's Life First party in a protest against the DPJ's plan to raise the Japanese consumption tax.

FairTax

Fair TaxFair Tax ActFair Tax Act of 2007
It would replace all federal income taxes (including the alternative minimum tax, corporate income taxes, and capital gains taxes), payroll taxes (including Social Security and Medicare taxes), gift taxes, and estate taxes with a single broad national consumption tax on retail sales.

Liberal Democratic Party (Japan)

Liberal Democratic PartyLDPLiberal Democratic Party of Japan
Over the following years a number of LDP politicians discussed raising it further, including prime ministers Shinzō Abe, Yasuo Fukuda, and Tarō Asō. The Liberal Democratic Party government of Masayoshi Ōhira had attempted to introduce a consumption tax in 1979.
In the wake of a succession of issues—the pushing of a highly unpopular consumer tax through the Diet in late 1988, the Recruit insider trading scandal, which tainted virtually all top LDP leaders and forced the resignation of Prime Minister Takeshita Noboru in April (a successor did not appear until June), the resignation in July of his successor, Uno Sōsuke, because of a sex scandal, and the poor showing in the upper house election—the media provided the Japanese with a detailed and embarrassing dissection of the political system.

Noboru Takeshita

Takeshita NoboruTakeshitaPrime Minister Takeshita
Ten years later Noboru Takeshita successfully negotiated with politicians, bureaucrats, business and labor unions to introduce a consumption tax, which was introduced at a rate of 3% consumption tax in 1989.
He was mainly remembered within Japan for implementing the country's first consumption tax, which his government forced through the Diet in 1988 amid public opposition.

Ryutaro Hashimoto

Ryūtarō HashimotoHashimotoHashimoto Cabinet
In April 1997 under the government of Ryutaro Hashimoto it was increased to 5%.
Hashimoto's government raised the Japanese consumption tax in 1997.

William Petty

Sir William PettyDr William PettyDr. William Petty
On the issue of raising taxes, Petty was a definite proponent of consumption taxes.

Sin tax

sin taxesliquor taxcigarette and tobacco taxes
Sin taxes, are a type of excise tax imposed on items which are considered harmful to society, in an effort to decrease their consumption by increasing their prices.

Tax

taxationtaxeslevy
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 (economics)

consumptiondomestic consumptionspending
The tax base of such a tax is the money spent on consumption.

Hall–Rabushka flat tax

Hall-Rabushka flat tax
However, a consumption tax can also be structured as a form of direct, personal taxation, such as the Hall–Rabushka flat tax.

Regressive tax

regressiveregressive taxationburdening the poor
A simple value-added tax would be proportional to consumption but would also tend to be regressive on income at higher income levels, as consumption tends to fall as a percentage of income as income rises.

Tax deferral

tax-deferreddeferred taxationdeferred taxes
Savings and investment are tax-deferred until they become consumption.

Goods and services tax (Canada)

Goods and Services TaxGSTGoods and Services Tax (GST)
In Australia, Canada, New Zealand and Singapore, it is instead called a "Goods and Services Tax."

Goods and Services Tax (Singapore)

Goods and Services TaxGSTGoods & Services Tax
In Australia, Canada, New Zealand and Singapore, it is instead called a "Goods and Services Tax."

Use tax

use
When a tax on goods or services is paid to a governing body directly by a consumer, it is usually called a use tax.