Economics · Direct Tax

What is the defining characteristic regarding the economic burden of a direct tax?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1It can be legally transferred through a supply chain.
2Its incidence and burden cannot be shifted to another person.✓
3It is borne entirely by commercial banks.
4It is always shifted fully to the final consumer.

Correct answer

Its incidence and burden cannot be shifted to another person.

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