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If the company is collecting the tax they owe it after the sale. Yes it's a tax on consumption/commerce. There's no point saying it's paid by the buyer as ther
by pas 4y ago
If the company is collecting the tax they owe it after the sale.
Yes it's a tax on consumption/commerce. There's no point saying it's paid by the buyer as there's no transaction without the seller either, and if there were no tax the seller were able to raise prices. (And likely the new market equilibrium would be somewhere between the two extremes, so it means both parties pay it actually.)
And as others mentioned in many places the law says the receipt has to show the applied tax, so it's absolutely not hidden.
- phpisthebest 4y agoI dont think simply putting on the receipt is a solution, because people internalize pricing and make the choice to buy before the transaction. it would only work if the before Tax and After Tax price was displayed before purchase. I would be agreed if they displayed/advertised both. but Only displaying / advertising the final post tax price and then itemizing it on the receipt does not change the psychology of the issue where by people will internalize the final price and not fully understand the tax component. In the same way people are complaining about not being able to understand the final price if it not displayed