double taxation

Definition of "double taxation"
  1. 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
How to use "double taxation" in a sentence
  1. Many businesses try to avoid the trap of double taxation by not distributing profits as dividends.
  2. The principle of double taxation is a consideration for companies deciding between incorporation or partnership status.
  3. There were rumors of double taxation on the same property, causing distress among the homeowners.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z