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Who Pays the Hormuz Toll?
According to Rothbard’s first law of incidence, “no tax can be shifted forward.” That is, the person or company paying the tax cannot make the buyer pay the tax.
Original article: https://mises.org/mises-wire/who-pays-hormuz-toll
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By Mises Institute
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According to Rothbard’s first law of incidence, “no tax can be shifted forward.” That is, the person or company paying the tax cannot make the buyer pay the tax.
Original article: https://mises.org/mises-wire/who-pays-hormuz-toll
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