Describe what is the incidence of tax, Taxation

 Tax incidence can be separated into-

1. Formal incidence: the party liable to the tax
2. Informal incidence: party, who really pays the tax

The tax incidence is decided by the elasticity of demand and supply for a good or service.

 

Posted Date: 4/1/2013 1:29:02 AM | Location : United States







Related Discussions:- Describe what is the incidence of tax, Assignment Help, Ask Question on Describe what is the incidence of tax, Get Answer, Expert's Help, Describe what is the incidence of tax Discussions

Write discussion on Describe what is the incidence of tax
Your posts are moderated
Related Questions
evaluate the importance of the principal issue litigated in the case in question using the tax research steps outlined in Appendix A of your text.

In May of the current year, your employer received a PIER report from the CRA that identified Canada Pension Plan (CPP) contribution deficiencies for employees in the organization

The will of B Dark, who died on 31 March of the previous income year, provides that after payments of debts and legacies the residue of the estate is to be held in trust and the in

During the current year, Denos Corporation incurred costs of $45,000 for leasehold improvements to its newly rented building. The lease was signed in the current year for an initia

1. Ben lost his job when his employer moved its plant. During the year, he collected unemployment benefits for three months, a total of $1,800. While he was waiting to hear from pr

Describe the relationship between (i) future value and interest rate; (ii) future value and time period. What about the relationship between the present value and the same variable

Bass River Furniture operates a manufacturing business in Bass River, Nova Scotia. On June 8, 2010, Bass River purchased an asset for an invoice price before HST of $1,800,000.  Th

Which of the following entities may not use the cash method of accounting? A partnership with average annual gross receipts in excess of $5 million. A C corporation whose avera


Research Problem 2: Carol is a successful physician who owns 100% of her incorporated medical practice. She and her husband, Jared, are considering the purchase of a commercial off