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Double taxation

• Refers to corporate income which is subject to both corporate taxes and individual taxes. Frequently, it is viewed as the case whereby the company's income is taxed and the distribution of that income in the form of a dividend paid to the shareholder as taxed again.

• a) A situation where the same income is taxed in two separate countries; to reduce double taxation, many countries have negotiated tax treaties that override domestic law; b) Occurs when the already once-taxed earnings of a corporation are distributed as cash dividends to its shareholders, who are then taxed again on these dividends.

 
 

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 Embedded terms in definition
 Cash dividend
Cash
Corporation
Distributed
Distribution
Dividends
Dividend
Earnings
Income
Its
Shareholders
Subject
 
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Double dip lease
Double tax agreement

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