How does the hst affect society?

Answer 1

The Harmonized Sales Tax (HST) affects society by streamlining the tax process, combining federal and provincial sales taxes into a single tax, which can reduce administrative costs for businesses. However, it can also lead to increased prices for consumers on certain goods and services, potentially impacting lower-income households more significantly. The revenue generated from HST is typically used to fund public services and infrastructure, which can benefit society as a whole. Overall, the HST can have both positive and negative implications for different segments of society.