There's no difference. Companies must raise their prices to cover higher taxes so customers really pay all taxes.
Now you’ve done it. Don’t you understand that these evil traitorous companies that relocate overseas at the slightest provocation . . . uh, won’t raise their prices as the result of a tariff placed on their competition out of the goodness of their own hearts?
Sometimes they can not pass on all of that cost, in which case it is passed on to the workers in the form of lower wages or the owners in terms of lower profits.
But you are right, it is just a pass through, an inefficent pass through of the taxes.
Sometimes they can not pass on all of that cost, in which case it is passed on to the workers in the form of lower wages or the owners in terms of lower profits.
But you are right, it is just a pass through, an inefficent pass through of the taxes.