Examlex
People sometimes punish those who cheat the system, even when they need to make sacrifices or suffer losses to do so. According to the text, this phenomenon is known as ____.
Double Tax Exemption
A tax principle where certain income is shielded from taxation at both the corporate and individual levels.
Ownership and Control
The legal rights to possess, use, and manage assets or property, and the ability to direct the operations and activities of an entity or resource.
Limited Liability
A legal structure that limits the financial liability of investors or owners to the amount they have invested in a company, protecting personal assets.
Transferability of Ownership
The capability to legally transfer the title or ownership of an asset or property from one entity to another.
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