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]]

Revision as of 08:40, 8 October 2013

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.

See also