Taxes

Consumption Tax: A win-win for state, businesses

by Editor

February 7, 2018 | 12:43 am
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A consumption tax is essentially a tax on the purchase of a good or service. It may take different forms such as sales taxes, tariffs, excise or other taxes on consumed goods and services. It has the distinct feature of not penalizing savings unlike income taxes. Consumption tax is charged in different forms in several…

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by Editor

February 7, 2018 | 12:43 am
  |     |     |   Start Conversation

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