The incidence of any taxation will ultimately fall on the users of the card system, which are both the consumers—because they are customers of the issuers—and the merchants—because they are customers of the acquirers.
Vice-President, Personal and Commercial Banking, Canadian Bankers Association
The incidence of any taxation will ultimately fall on the users of the card system, which are both the consumers—because they are customers of the issuers—and the merchants—because they are customers of the acquirers.
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