For many years, Mr. Kane, the president of KJ, Inc., took the corporation's most...
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Accounting
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 
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
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