1. Forward shifting .
Shifting the tax burden to the consumer through increase in selling prices. If increase in selling price is equal to increase in tax, this is full shifting. If they are not equal, this is partial shifting.
2. Backward shifting
The produce of the taxed commodity transfer the money burden of tax to the supplier of factors of production. The supplier accepts lower prices for FOP
3. Tax impact
The first point of contact between the tax burden and tax payer
4. Tax incidence
The final resting place of taxes, e.g. if there is increase of tax on beer, the impact of tax is on KBL. However, KBL increases the price and the incidence of tax is on the consumer
Wilfykil answered the question on February 25, 2019 at 10:35
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