Classical system: Difference between revisions
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''Tax.'' | ''Tax.'' | ||
A system of taxing companies and their shareholders as entirely separate entities, leading to double taxation of the profits earned by the company and distributed to the shareholders. | A system of taxing companies and their shareholders as entirely separate entities, leading to double taxation of the profits earned by the company and distributed to the shareholders. | ||
== See also == | == See also == | ||
* [[Imputation system]] | * [[Imputation system]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
Latest revision as of 14:20, 22 June 2016
Tax.
A system of taxing companies and their shareholders as entirely separate entities, leading to double taxation of the profits earned by the company and distributed to the shareholders.
