Acronyms that contain the term double taxation
What does double taxation mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: double taxation.
What does double taxation mean?
- Double taxation
- Double taxation is the levying of tax by two or more jurisdictions on the same declared income, asset, or financial transaction. This double liability is often mitigated by tax treaties between countries. The term 'double taxation' is additionally used, particularly in the USA, to refer to the fact that corporate profits are taxed and the shareholders of the corporation are subject to personal taxation when they receive dividends or distributions of those profits.