Browsing Discussion papers (SAM) by Subject "Economic incidence"
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The legal incidence of ad valorem taxes matters
(DP SAM;23/2023, Working paper, 2023-12-19)It is well known that, for a specific tax, its economic incidence does not depend on which side of the market has the legal obligation to pay the tax. In this paper, we show that, for an ad valorem tax, this legal incidence ...