alleryStart learning →What is double taxation of income?
ATax on salary levied twice a year by one state
BA rebate for tax already paid abroad
CTax paid by two partners on a single firm
DTax on one income by two or more jurisdictions
Answer & Solution
Correct answer: D. Tax on one income by two or more jurisdictions
Double taxation arises when more than one jurisdiction taxes the same income, asset or transaction.
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