classical system of corporation tax
noun

a system in which companies and their owners are liable for corporation tax as separate entities. A company's taxed income is therefore paid out to shareholders who are in turn taxed again. This system operates in the United States and the Netherlands. It was replaced in the United Kingdom in 1973 by an imputation system.

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quasi public corporation
government debt
Diagonal Spread
Rebate barrier option
weighted average cost of capital