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Who ultimately pays for compliance wit the government reglations?
Wiki User
∙ 13y ago
consumers
Wiki User
∙ 13y ago
Generally, the cost of compliance with government regulations is borne by the companies or individuals subject to those regulations. This cost may include expenses related to implementing and maintaining compliance measures, such as conducting audits, providing training, or purchasing necessary equipment. Ultimately, these costs can be passed on to consumers through higher prices or absorbed by the company itself, affecting its profitability.
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Who ultimately pays for compliance with government?
R
Who ultimately pays for compliance with government regulations?
The (consumer) of the product. Companies must pass on the added cost of government regulation/compliance to the products they sell or manufacture, therefore the end user will pay the added cost.
Who pays for compliance with government regulations?
The (consumer) of the product. Companies must pass on the added cost of government regulation/compliance to the products they sell or manufacture, therefore the end user will pay the added cost.
Difference between incidence and impact of taxation?
The impact of a tax refers to the person who pays it to the government in the first instance. The incidence of a tax refers to the money burden of a tax on the person who ultimately pays it. - MP
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