Corporate taxes are levied on companies

Question

Quizplus · Accepted Answer

While corporate taxes are directly paid by companies, the burden of these taxes can be shared among various stakeholders, including the owners, workers, and customers. For example, companies may choose to pass on the costs of these taxes to customers through higher prices, or they may reduce investments in workers or expansion plans to offset the impact of taxes on the bottom line. Therefore, the full burden of corporate taxes cannot be attributed solely to companies.

Corporate Taxes Are Levied on Companies