| 释义 |
Multiple Taxation Multiple TaxationA situation in which the same earnings are taxed more than twice. For example, multiple taxation may occur when a publicly-traded company pays corporate taxes on its earnings. It then passes on some of those earnings to shareholders as dividends, on which they must pay a capital gains tax at the federal level and then again at the state level. Various means exist to reduce multiple taxation. See also: Tax avoidance. |