Moneycontrol
Get App
YOU ARE HERE > Moneycontrol > Taxes > Glossary

Taxes

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Shifting an incidence of taxation

Determination of the economic entity that actually ends up paying a particular tax. In the case of indirect taxation tax is normally intended to fall upon consumption and be borne by consumers, so that entrepreneur who pays the tax on his supplies of goods and services in general passes on the tax, or "shifts" it "forward" to the consumer by adjusting his prices appropriately. Such taxes are said to be shifted "backward" in the case that entrepreneurs are forced to absorb some of new or increased tax.

Sections
Follow us on
Available On
PCI DSS Compliant