double taxation - definition in the Business English Dictionary - Cambridge Dictionaries Online

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

decider

a final game or competition that allows one person or team to win, or the winning point scored

Word of the Day

What’s All The Commotion About? (Words to describe sounds)

by Kate Woodford,
May 20, 2015
​​​ In this post we look at a range of words and phrases that we use to describe noise and the absence of noise. Starting with complete quiet, we sometimes use the noun hush to describe silence: A hush fell over the room as the bride walked in./There was a deathly hush (=complete

Read More 

ancestral health noun

May 25, 2015
diet based on the presumed diet of our Palaeolithic ancestors ‘Ancestral health,’ to use a term popular among Paleo followers, has gone mass.

Read More