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

pup

a baby of particular animals, or a puppy

Word of the Day

I won’t tolerate it! Replacing formal words with phrasal verbs.

by Liz Walter,
April 01, 2015
When you are using a language, it is important to understand if a word is formal or informal, so that you can use it in an appropriate way. You might hear people saying dosh for money, or spud for potato, but they wouldn’t write those words in a formal essay. Similarly, a

Read More 

stackin’ p

March 30, 2015
idiom slang earning a lot of money ‘That’s a very generous present.”Yeah, well, she’s stackin’ p, innit?’

Read More