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    Double Taxation referring to Corporations

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

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    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).

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

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