4. Distinguish between impact and incidence of taxes

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asked Feb 10, 2022 187k views

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Darla · Answer 1 · 2022-02-11T11:03:53+0000

Answer:

The term impact is used to express the immediate result of or original imposition of the tax. The impact of a tax is on the person on whom it is imposed first. Thus, the person who is Habile to pay the tax to the government bears its impact. The impact of a tax, as such, denotes the act of impinging.

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4. Distinguish between impact and incidence of taxes

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4. Distinguish between impact and incidence of taxes