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30 November, 12:25

The earnings of an investor-owned corporation can be subject to double taxation.

a. True

b. False

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Answers (1)
  1. 30 November, 15:04
    0
    This is true. One of the biggest disadvantages of corporations is the fact that they are subject to double taxation. Double taxation is when a company or person declares a taxable income, transaction or asset and then two or more jurisdictions then tax that income.
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