Flashcard Definition
A tax paid indirectly to the government. VAT is the most common example, where the business actually pays the tax to government but the consumer also carries the burden in the form of a higher price charged.
Block Type
Flashcard
A tax paid indirectly to the government. VAT is the most common example, where the business actually pays the tax to government but the consumer also carries the burden in the form of a higher price charged.
