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Explain the term impact of a tax? - Economic Applications

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प्रश्न

Explain the term impact of a tax?

थोडक्यात उत्तर

उत्तर

The term impact is used to express the immediate or original imposition of tax. The impact of tax is on the person on whom it is imposed first i.e., the person who is liable to pay tax to the government.

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