Meaning of “double taxation” in the English Dictionary

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"double taxation" in Business English

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double taxationnoun [ U ]

uk us 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)