मराठी

Mention any one difference between impact of tax and incidence of tax. - Economics

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प्रश्न

Mention any one difference between the impact of tax and the incidence of tax.

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उत्तर

Impact of tax Incidence of tax
The burden of a tax on the person who pays it to the government in the first instance is referred to as its impact.  The financial impact of a tax on the individual who eventually pays it is referred to as its incidence.
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Meaning of Taxes
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