ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Shifting of Tax by Companies

V D Lall This paper attempts to show, on the basis of a study of a sample of 257 manufacturing companies in the private sector, that companies have not borne any of the increase in direct taxes during the twenty years, 1946 to 1965. In spite of the increase in taxation, they have been able to not only maintain but actually increase their profitability. In other words, they have succeeded in shifting the additional tax liability more than cent per cent.

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