Question

short note on impact incident and shifting of tax​

Answer 1

Incidence of tax refers to the final resting place of tax payment. Hence, impact of tax is concerned with the immediate effect of imposition of tax while incidence of tax is concerned with the final resting place of tax. ...

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Answer 2

Answer:

Here is the explanation!

Explanation:

Incidence of tax refers to the final resting place of tax payment. It is concerned with the analysis to determine on whom the money burden falls or rests. The person who directly pays the tax to the government feels the impact of the tax.