When a corporation makes a profit,it must pay taxes on that amount. Then,when those profits are distributed to shareholders,each shareholder must again pay taxes on his or her individual amount. This process is called double taxation.

Name: When a corporation makes a profit,it must pay taxes on that amount. Then,when those profits are distributed to shareholders,each shareholder must again pay taxes on his or her individual amount. This process is called double taxation.
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When a Corporation Makes a Profit,it Must Pay Taxes on That