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When the demand for a commodity is inelastic who bears the greater burden of the indirect tax?
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What will happen to the supply curve when the government imposes heavy indirect taxes and puts price control on a commodity?
the supply curve will fall if heavy indirect taxes are imposed. A price will worsen the burden of suppliers which force them to cut the supply of goods.
When demand is perfectly inelastic who bears the tax burden?
The consumer is the one that bears the tax burden in this case 100%.
When tax is imposed on motels or hotels and demand were slightly elastic and supply inelastic who would be stuck with the tax burden?
.com when tax is imposed on motels or hotels and demand were slightly elastic and supply inelastic,the tax burden would strike on the consumer who suffers what ever outcome.
When demand is more inelastic than the supply what happens to the burden of a tax?
the consumers pay a larger share of the tax
Why is the burden of a tax to taxpayers greater than the revenue received by the government?
Because taxpayers suffer an administrative burden when complying with government taxes. The burden to taxpayers is more than just monetary payments to the government. That burden is the process of figuring out the tax code, the proper way to complete taxes, and possibly paying an accountant. This administrative burden makes the burden to taxpayers greater than the revenue received by the government.
What are the salient Features of indirect tax?
Shifting of tax burden commodity taxasation In indirect taxes, the ability of tax payer is indirectly determined. the tax payer dose not percive adirect pinch while paying indirect taxes. indirect taxes are easier to collect and greater amount of of generation of revenue is assured as tax evasion is comparitively less in the case of organised sector. tax imposed on goods directly affects the price of goods.
What will happen to the supply curve when the government imposes heavy indirect taxes and puts price control on a commodity?
the supply curve will fall if heavy indirect taxes are imposed. A price will worsen the burden of suppliers which force them to cut the supply of goods.
When demand is perfectly inelastic who bears the tax burden?
The consumer is the one that bears the tax burden in this case 100%.
Who can be considered as bearing the burden of indirect taxes?
Consumers.
When tax is imposed on motels or hotels and demand were slightly elastic and supply inelastic who would be stuck with the tax burden?
.com when tax is imposed on motels or hotels and demand were slightly elastic and supply inelastic,the tax burden would strike on the consumer who suffers what ever outcome.
When demand is more inelastic than the supply what happens to the burden of a tax?
the consumers pay a larger share of the tax
What is the incidence of indirect taxes?
Incidence of indirect taxes indicate how much burden of indirect taxes will be borne by the producers and how much by the consumers by way of rise in price.
What is optimal commodity taxation?
it is the best and most efficient form of taxing commodities with least if not non tax burden
Is TDS a Direct Tax or Indirect Tax?
According to me tds is indirect tax because the concept of indirect tax is the tax is implement on that person is not liable to pay tax its burden is transfer to another person and who is liable to pay ta
Why is the burden of a tax to taxpayers greater than the revenue received by the government?
Because taxpayers suffer an administrative burden when complying with government taxes. The burden to taxpayers is more than just monetary payments to the government. That burden is the process of figuring out the tax code, the proper way to complete taxes, and possibly paying an accountant. This administrative burden makes the burden to taxpayers greater than the revenue received by the government.
How does incidence of taxation took place?
ELASTIC DEMAND-if Price of a commodity increases as result of tax, the demand for such goods decreases therefore the supplier Beyer's the tax burden
What is the meaning of cost-prohibitive?
It means that a solution is possible but the financial burden of it is significantly greater than the benefit.
