Consumption Tax

Consumption Tax

Consumption Tax, a tax sometimes imposed not primarily to raise revenue but as an instrument of economic policy. It has been used in wartime when it was desired to reduce output over a wide range of consumer goods and where it is not practicable to impose production controls or consumer rationing. The reduction in consumption may be more important than the amount of tax collected. Purchase tax when originally imposed in 'go was a tax in this class.

Interested in Journal Of Economics - Economic Journal


consumeraffairs.org.uk

Since then his writings have in turn been increasingly reinterpreted as a special case both by some followers and by some economists who had not wholly accepted his writings. The content of economics is in a state of change, and this consumeraffairs.org.uk site is therefore not a final statement of economic doctrine.

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