transaction taxes

Definition of "transaction taxes"
  1. Taxes imposed on the sales of goods and services, either as a percentage of the sales value or a specified amount on physical quantities
How to use "transaction taxes" in a sentence
  1. The gas station includes transaction taxes in the price per gallon of gasoline.
  2. The receipt showed the amount of transaction taxes applicable to the sale of the furniture.
  3. The government increased transaction taxes to boost revenue.

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