Double Taxation

Posted in Finance, Accounting and Economics Terms, Total Reads: 970

Definition: Double Taxation

Double Taxation is a tax scenario in which the taxes that are paid twice on the same declared

• Income

• Asset-capital taxes

• Financial transaction

Typical example is when the financial entities and shareholders are considered separate entities. The company as an entity earns revenue and makes profit which are subjected to tax. Now these profits are distributed to shareholders as dividends etc. Those shareholders are again liable to pay taxes on them. This is called double taxation.

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