Practice question
A seller and buyer agree that the buyer will bear an indirect-tax cost. Explain the agreement’s effect on their economics and on the government’s claim.
Legal references
- Silkair v. CIR, G.R. 171383 and 172379, November 14, 2008: https://lawphil.net/judjuris/juri2008/nov2008/gr_171383_2008.html
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