A common belief is that the government may levy corporate taxes upon business, and that the business cannot or would not shift the burden elsewhere. From the e-Activity, defend or refute this belief, and provide a rationale for your response. Provide one (1) example that supports your explanation.
Determine whether or not you believe the corporate income tax has been shifted either to the stockholder or the consumer / worker. Speculate on which workers are most susceptible to having taxes shifted their way. Consider the fundamental manner in which capital-labor substitution affects such a shift.