Incidence of Taxation refers to the distribution of the burden of taxation between different economic agents. It distinguishes between the formal (legal) incidence and the economic incidence that affects welfare.
An in-depth look into the concept of indirect tax, its historical context, types, key events, formulas, importance, and applications.
Tax shifting refers to the economic phenomenon where the burden of a tax is transferred from the entity legally liable to pay it to another party through various mechanisms. It plays a pivotal role in public finance and tax policy analysis.
The concept of tax shifting involves transferring the burden of a tax from one economic agent to another, influenced by the elasticity of demand and supply. It explains how taxes affect prices and who ultimately bears the cost.
