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English definition of “double taxation”

double taxation

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 .
(Definition of double taxation noun from the Cambridge Business English Dictionary © Cambridge University Press)
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