From Longman Business Dictionarydouble taxationˌdouble taxˈationTAXECONOMICS when a single amount of money is taxed twice. For example, company profits are taxed and then taxed again when they are given to shareholders in the form of DIVIDENDsThe US taxes corporate profits when they are earned and also when they are paid to shareholders in the form of dividends; eliminating this double taxation has long been a goal of economists. → taxation
