Corporations want to make a profit. Let's say 10% annually. That's the target they set out to meet for their shareholders. A government where corporation X is based raises corporate taxes 2%. The corporation has an obligation to still make 10% profit for its shareholders. The corporation will analyze ways to cut cost to absorb the hit but may end up increasing the cost of their product to cover the additional expenses. That is not a sales tax but an added tax on the cost of production. Those imbedded taxes accrue every step along the way in making a product. The similar thing is happening all over right now and the talking heads are attributing it all to normal inflationary actions. Most people have probably forgotten the last couple of years and all the corporations pledging to give billions to SJW causes. The shareholders in those corporations didn't take the hit. The consumer paid those costs in increased prices.