double taxation
- A scenario where a single income or property is taxed twice - once as corporate profits and then again if distributed as dividends, or when the same property is taxed twice in a year
- Many businesses try to avoid the trap of double taxation by not distributing profits as dividends.
- The principle of double taxation is a consideration for companies deciding between incorporation or partnership status.
- There were rumors of double taxation on the same property, causing distress among the homeowners.
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