The European Union Was Created by a Multilateral Treaty

question 57

True/False

The European Union was created by a multilateral treaty.

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Definitions:

Law Schools

Educational institutions specializing in legal studies, preparing students for careers in law and legal research.

C-corp

A corporation in the United States that is taxed separately from its owners, known as shareholders, under the subchapter C of the Internal Revenue Code.

S-corp

A specific designation for a corporation that allows income, losses, deductions, and credits to be passed through to shareholders for federal tax purposes, avoiding double taxation.

Double Taxation

The financial imposition where income taxes are paid twice on the same source of earned income, often in the context of corporate profits taxed both at the corporate level and again when distributed as dividends.