Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

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 from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of double taxation?
Add Cambridge dictionaries to your browser to your website

Word of the Day

glacial

made or left by a glacier

Word of the Day

Let’s celebrate! (words and phrases for parties)

by Kate Woodford,
December 17, 2014
​​​ With Christmas and New Year almost upon us, we thought it a good time to look at the language of parties and celebrations. First, let’s start with the word ‘party’ itself. To have or throw a party or, less commonly, to give a party is to arrange a party: We’re having a

Read More 

cinderella surgery noun

December 15, 2014
cosmetic surgery to the feet We have all heard of people having nose jobs, boob jobs and liposuction – but now a new trend growing in popularity in America: Cinderella surgery.

Read More