Published on: August 5, 2024
Automotive tax can affect employees in various hair. The increase in the corporate tax can reduce the revenues of the business and reduce their wage growth, or in extreme cases cease to pay additional bonuses to their employees. Nevertheless, the magnitude of the effect is contingent on the fraction of the tax rate that is transferred between wages and other work-related income to owners of the businesses. Some applicable theories are tax incidence analysis. Moreover talk about non-monetary consequences such as employment security, environmental sustainability, the workplace, etc.
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