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Sorry you've neglected to explain why a tax on profits is going to reduce supply. You have totally ignored my point that changes in profit do not necessarily g
by adaml_623 13y ago
Sorry you've neglected to explain why a tax on profits is going to reduce supply.
You have totally ignored my point that changes in profit do not necessarily get passed onto the consumer. And my example was that Google pricing in the UK did not go 'down' when the tax rate went 'down'. So why would the price go 'up' when the tax rate goes 'up'.