[voisin]

> Those costs get passed onto the consumer in the form of higher prices

Not necessarily. The burden of a tax depends on supply and demand price elasticity. If demand is relatively price inelastic, then consumers pay the tax. If it is relatively price elastic, then companies pay via lower profits or reduce supply.

[hypeatei]

That is true. Not every single cent will be passed on, but there will be inflationary effects regardless.