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corporate taxes are _always_ passed on to the consumer. Higher fees, higher prices, whatever lever you can pull.
by richwater 4y ago
corporate taxes are _always_ passed on to the consumer.
Higher fees, higher prices, whatever lever you can pull.
- hajola 4y agoThat's not true - they are not always passed on to the customer. It depends. Unless the corporation has a monopoly, it can not just increase the prices. There is a concept in economics called elasticity of demand, to simplify, it states that with increase in price there will be a drop in demand. So corporations have to balance, and in most cases the tax increase will be shared between the consumer and the corporation.