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Question
To which tax is this shifting of tax burden relevant?
Answer in Brief
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Solution
- The shifting of the tax burden is generally applicable to indirect taxes such as sales tax, goods and services tax (GST), excise duty, and customs duty.
- In many cases, the tax is originally placed on a seller or producer, but the burden is ultimately passed on to the end consumer through higher pricing.
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Role of State in Economic Development
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Chapter 6: The State and Economic Development - QUESTIONS [Page 184]
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