double taxation

double taxation
Government taxation of the same money twice; specifically, earnings taxed first at the corporate level and then again as dividends at the stockholder level. Bloomberg Financial Dictionary

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double taxation double taxation taxation

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double taxation UK US noun [U] TAX
a situation in which two or more governments charge tax on the same income or property: »

Developers complained that the factory faces double taxation, by the state and federal governments.

a situation in which a government charges tax on a company's profits, which it pays to its shareholders as dividends, and then charges the shareholders tax on the dividends: »

Double taxation occurs because corporations are considered separate legal entities from their shareholders.


Financial and business terms. 2012.

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Look at other dictionaries:

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  • double taxation treaty — double taxation treaty, Also known as a double taxation agreement. An agreement between two countries under which the taxation authorities of each grant tax concessions or reliefs to prevent taxpayers being liable for tax on the same amount under …   Law dictionary

  • double taxation agreement — double taxation treaty, Also known as a double taxation agreement. An agreement between two countries under which the taxation authorities of each grant tax concessions or reliefs to prevent taxpayers being liable for tax on the same amount under …   Law dictionary

  • double taxation agreement — UK US noun [C] TAX, GOVERNMENT ► DOUBLE TAXATION TREATY(Cf. ↑double taxation treaty) …   Financial and business terms

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