For many years, Mr. K, the president of KJ Inc., took the corporation's most important clients golfing
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For many years, Mr. K, the president of KJ Inc., took the corporation's most important clients golfing at The Links Golf Club several times a year. However, after the tax law was amended to disallow a deduction for business entertainment, Mr. K and his clients golf together much less frequently. What does this scenario suggest about the incidence of the indirect tax increase represented by the entertainment dis-allowance rule?
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Related Book For
Principles Of Taxation For Business And Investment Planning 2019 Edition
ISBN: 9781260161472
22nd Edition
Authors: Sally Jones, Shelley C. Rhoades Catanach, Sandra R Callaghan
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