Refers to the imposition of taxes on the same income, assets or financial transaction at two different points of time. A common example is the taxing of shareholder dividends after taxation as corporate earnings. Another common example is taxes on income imposed by one country, after the same income has already been taxed by another country. However, many countries have signed treaties to prevent this form of double taxation from occuring to foreign corporations.
The partial or full removal of an asset or investment from a business' books. Businesses can divest through sale, closure or bankruptcy. May also refer to a change in corporate strategy or a withdrawal from certain investment goals.
The dispensing of assets to a beneficiary, as named in a trust or will. Also refers to the payment of capital gains from an investment company to shareholders upon the sale of securities or payment of profits from a corporation to its shareholders, such as a dividend.
The ending of a corporation, either voluntarily by filing a notice of dissolution with the Secretary of State or as ordered by a court after a vote of the shareholders, or involuntarily through government action as a result of failure to pay taxes. During dissolution, corporate assets are liquidated and distributions are made to pay off corporate debts.