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8 May, 13:54

Double taxation is a disadvantage of a corporation because the corporation has to pay income taxes at twice the rate applied to partnerships.

True / False

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Answers (1)
  1. 8 May, 15:11
    0
    given statement is false

    Explanation:

    solution

    the given statement is false because here Double Taxation meaning that income are taxed in the hand of corporation and then in the hand of shareholders

    when dividends is distributed that does not meaning that the corporation pay double the tax of partnerships

    so we can say given statement is false
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