Definition of «double taxation»

Double taxation refers to a situation where a person or a business has to pay taxes twice on the same income or asset. It occurs when both the individual or entity and the source of income or asset are subject to taxation by two different authorities. This can lead to a higher tax burden and is generally considered unfavorable.

Phrases with «double taxation»

Sentences with «double taxation»

Traditional C - corporation status provides the protection of limited liability for shareholders, but at a cost of double taxation of earnings — at both the corporate and shareholder levels. (inc.com)
The reason for these credits initially was to avoid double taxation on earnings that corporations already paid tax on. (canadianbusiness.com)
Just one month back the Australian government delighted cryptocurrency enthusiasts with the decision of removal of double taxation on cryptocurrency induced activities by introduction of a bill. (kryptomoney.com)
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Definition of «double taxation»

Phrases with «double taxation»

Sentences with «double taxation»

See also