double taxation Meaning in the Cambridge English Dictionary

Meaning of “double taxation” in the English Dictionary

"double taxation" in Business English

See all translations

double taxationnoun [U]

uk   us   TAX
a ​situation in which two or more ​governmentschargetax on the same ​income or ​property: Developers ​complained that the ​factory faces ​doubletaxation, by the ​state and ​federalgovernments.
a ​situation in which a ​governmentchargestax on a company's ​profits, which it ​pays to its ​shareholders as dividends, and then ​charges the ​shareholderstax on the ​dividends: Double ​taxation occurs because ​corporations are considered ​separatelegalentities 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

“double taxation” in Business English

Word of the Day

nothing of the kind

used to emphasize a negative statement

Word of the Day

There is no such thing as a true synonym in English. Discuss!
There is no such thing as a true synonym in English. Discuss!
by Kate Woodford,
November 25, 2015
In the Cambridge Advanced Learner’s Dictionary the word ‘synonym’ is defined as ‘a word or phrase that has the same or nearly the same meaning as another word or phrase in the same language’. As you might expect, definitions for this word are broadly similar in other dictionaries and yet the italicized

Read More 

climatarian adjective
climatarian adjective
November 23, 2015
choosing to eat a diet that has minimal impact on the climate, i.e. one that excludes food transported a long way or meat whose production gives rise to CO2 emissions Climate change is not normally on people’s minds when they choose what to have for lunch, but a new diet is calling for

Read More