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New Jersey does not charge sales tax on goods purchased for resale or on capital improvements but does charge sales tax on certain services. [159] New Jersey does not charge sales tax on gas, however, that is subject to a $0.375/gallon excise tax. Cigarettes are subject to a $2.70/pack excise tax, in addition to sales tax.
Because the rate of a sales tax does not change based on a person's income or wealth, sales taxes are generally considered regressive. However, it has been suggested that any regressive effect of a sales tax could be mitigated, e.g., by excluding rent, or by exempting "necessary" items, such as food, clothing and medicines. [21]
A tax-free shopping retailer. Tax-free shopping (TFS) is the buying of goods in another country or state and obtaining a refund of the sales tax which has been collected by the retailer on those goods. [1] The sales tax may be variously described as a sales tax, goods and services tax (GST), value added tax (VAT), or consumption tax.
The effect of this type of tax can be illustrated on a standard supply and demand diagram. Without a tax, the equilibrium price will be at Pe and the equilibrium quantity will be at Qe. After a tax is imposed, the price consumers pay will shift to Pc and the price producers receive will shift to Pp. The consumers' price will be equal to the ...
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The rideshare and food delivery company, which acquired Drizly in 2021 for $1.1 billion, says it will close down both the Drizly business and the brand with its distinctive red bear logo at the ...
In China, food delivery services include DiDi (the dominant ride-hailing company in China),and Alibaba-acquired Ele.me; and Tencent-backed Meituan. Users can order restaurant food, supermarket products, vegetables and fruit, cakes and flowers for delivery on these platforms. [32] China's food delivery market is expected to cross $21 billion in ...
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