double taxation

  

Definitions (2)

1.Situation where a country levies tax on an income that has already been taxed in the same or another country. For example, corporate profits are taxed when they are earned, and then taxed again as personal income when distributed to stockholders (shareholders) as dividend or (in case of an owner-manager) as salary.
2.Tax on tax. Sales tax (unlike a value added tax) is imposed on the gross price (seller's net cost price + sale tax paid on net price + seller's profit) of an item as it moves from one seller to the next purchaser.

Use double taxation in a sentence

Related Videos




http://www.businessdictionary.com/definition/double-taxation.html

Mentioned in these terms

Have a question about double taxation? Ask for help in the
Community
advertise here

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z