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expenditure tax UK US noun [C or U]
► TAX a tax that is based on how much money people spend, rather than on how much they earn: »
Expenditure tax is based on the rate of spending.
→ See also CONSUMPTION TAX(Cf. ↑consumption tax), INCOME TAX(Cf. ↑income tax), SALES TAX(Cf. ↑sales tax)
Financial and business terms. 2012.