Discuss what is meant by the term double taxation of corporations. Develop an example of double taxation

Question:

Discuss what is meant by the term “double taxation” of corporations. Develop an example of double taxation using a corporation and shareholder.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...