Purchase Solution

Double Taxation referring to Corporations

Not what you're looking for?

Ask Custom Question

What is the concept of double taxation when referring to corporations?

Purchase this Solution

Solution Summary

The response addresses the queries posted in 297 Words, APA References

Solution Preview

The response addresses the queries posted in 297 Words, APA References

Double Taxation referring to Corporations

Double Taxation: Double taxation is the enforcement of two or more taxes on the same income. It is a scheme of taxation under the Internal Revenue Code which is subjected to income gained by a corporation to an income tax at the industry level and a second tax at the stockholder level if the antecedently taxed income is disseminated to the shareholders as dividends (Baker & Powell, 2005).

Double Taxation referring to ...

Solution provided by:
Education
  • MBA (IP), International Center for Internationa Business
  • BBA, University of Rajasthan
Recent Feedback
  • "Thank You so much! "
  • "Always provide great help, I highly recommend Mr. Sharma over others, thanks again. "
  • "great job. I will need another help from you. "
  • "first class!"
  • "Thank you for your great notes. Will you be willing to help me with one more assignment? "
Purchase this Solution


Free BrainMass Quizzes
Academic Reading and Writing: Critical Thinking

Importance of Critical Thinking

Production and cost theory

Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.

SWOT

This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.

Understanding the Accounting Equation

These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.

IPOs

This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)