Winnipeg Free Press: Gas tax holiday rings in mix of hope, skepticism
January 3, 2024 —
Tax changes in most markets are shared by both producers and consumers, said University of Manitoba agricultural economics Prof. Chad Lawley.
As a result, the full savings from the tax cut will likely be passed on only if customer demand doesn’t change, he said. “The majority of that tax change is going to go to consumers in the form of lower prices, but I wouldn’t suspect that all of it is going to go through.”
However, De Haan and Lawley said frugal shoppers and competition in the market will also help drive down prices to an average mark-up.