Double taxation
From Wikicpa
Double taxation is a situation in which two or more taxes may need to be paid for the same asset or financial transaction.
In the United States, the term "double taxation" is often used to describe Dividend taxation. This usage is not recognised outside the USA.
[edit]
Definition
Taxation of the same earnings at two levels. One common example is taxation of earnings at the corporate level and then again at the shareholder dividend level. Another example is taxation of foreign investments in the country of origin and then again upon repatriation, although many countries have signed agreements to prevent this latter type of double taxation.
