For many years, Mr. Kane, the president of KJ, Inc., took the corporations most important clients golfing

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For many years, Mr. Kane, 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. Kane 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 disallowance rule?

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Related Book For  answer-question

Principles Of Taxation For Business And Investment Planning 2023

ISBN: 9781264229741

26th Edition

Authors: Sally Jones, Shelley Rhoades-Catanach, Sandra Callaghan, Thomas Kubick

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