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An important aspect of legal planning when setting up a business organization is tax considerations. A traditional C corporation has double taxation--C corporations must pay
An important aspect of legal planning when setting up a business organization is tax considerations. A traditional C corporation has double taxation--C corporations must pay income tax on their profits, and distributed earnings to shareholders are also taxed as shareholders' income.
What is the best argument FOR double taxation of businesses--taxing both the profits of a business entity as well as the shareholders of that business for distributed profits?
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