Profits of a Large Corporation Are Taxed Twice, Once as Corporate

question 139

True/False

Profits of a large corporation are taxed twice, once as corporate income and again as personal income of stockholders.

---

Definitions:

ETA

An acronym for "Euskadi Ta Askatasuna," a Basque nationalist and separatist organization in Spain and France, known for its campaign of bombings, assassinations, and kidnappings in pursuit of independence for the Basque Country.

Violent Separatist

An individual or group advocating for the separation from a larger political entity through the use of violence and armed conflict.

Lech Walesa

A Polish statesman, dissident, and Nobel Peace Prize laureate who co-founded and led the Solidarity movement, leading to the end of communist rule in Poland.

Solidarity

Solidarity refers to a Polish trade union founded in 1980 that played a major role in the opposition to Communist rule, leading to the eventual political transformation of Eastern Europe.