Examlex
How is the distribution skewed?
Double Taxation
The imposition of two or more taxes on the same income, asset, or financial transaction.
Limited Liability
A legal structure that limits the financial responsibility of the owners or shareholders of a company to the amount they have invested in the company.
Partnerships
A lawful business arrangement involving two or more people who divide both the management responsibilities and the earnings.
Residual Income Claimants
Individuals or entities entitled to the income that remains after all other expenses and obligations have been met, typically referring to owners or shareholders.
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