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

a. True

b. False

Question

Business

Elliana Clay

10 July, 08:52

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

a. True

b. False

+2

Answers (1)

Know the Answer?

Barbara Parker · Answer 1

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.

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

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

a. True

b. False