double taxation agreements

double taxation agreements
The requirement that an entity or individual pay two separate taxes on the same property for the same purpose and during the same time period. Under Subchapter C of the INTERNAL REVENUE CODE, the federal government imposes double taxation on corporations by taxing both the profits received by the corporation and the earnings distributed to shareholders of the corporation through stock dividends.

Dictionary from West's Encyclopedia of American Law. 2005.


double taxation agreements
The requirement that an entity or individual pay two separate taxes on the same property for the same purpose and during the same time period. Under Subchapter C of the Internal Revenue Code, the federal government imposes double taxation on corporations by taxing both the profits received by the corporation and the earnings distributed to shareholders of the corporation through stock dividends.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

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