Question

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

Answer 1

Answer:

False

Explanation:

• Dual taxable is a tax concept that refers to taxes on income taxed twice from the same.
• It can arise if income is earned mostly at the personal and corporate rates. For international commerce or spending double taxation often happens when the same income is taxed for two various countries.
• Dual taxation is a condition that concerns every company when the corporate and personal profits are taxed.
• The business will pay corporate income tax before any gains are available to investors.