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A corporate tax can be imposed but with a deduction provided for dividend distributions, which taxes undistributed corporate profits at the corporate rate while taxing
A corporate tax can be imposed but with a deduction provided for dividend distributions, which taxes undistributed corporate profits at the corporate rate while taxing distributed profits at the shareholders' ordinary income tax rates. This is considered: Question 9Answer a. dividend relief b. general Utilities doctrine c. distributed corporate profits d. transition rules
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