Examlex
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Double Taxation
The imposition of taxes on the same income, asset, or financial transaction at two different levels, such as corporate profits and then again when dividends are distributed to shareholders.
Corporate Level
Corporate level refers to the highest tier of management and operations within a diversified or multi-business company, focusing on issues affecting the company as a whole.
Personal Income
The total annual income received by an individual from all sources before taxes.
Accounting
The methodical documentation, communication, and examination of a company's financial dealings.
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