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double taxation |
Also found in: Financial, Wikipedia | 0.04 sec. |
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double taxation n. taxation of the same property for the same purpose twice in one year. This is generally prohibited if it occurs through such circumstances as transfer of property which has been taxed once and then the tax is imposed on a new owner. However, if all property in a jurisdiction is taxed twice in the same year, it is legal since not discriminatory or unfair. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| She, along with a growing number of people, argue that trailhead fees are equal to double taxation. 691(c) provides relief from the double taxation that would be imposed on the IRA beneficiaries. The elimination of the double taxation of large corporation dividends. |
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