Question

difference between impact and incidence of taxation

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Answer 1

Explanation:

Impact refers to the initial burden of the tax, while incidence refers to the ultimate burden of the tax. ... The impact of a tax falls upon the person fr6m whom the tax is collected and the incidence rests on the person who pays it eventually.

Answer 2

Answer:

Impact refers to the initial burden of the tax, while incidence refers to the ultimate burden of the tax. The tax is collected and the incidence rests on the person who pays it eventually.