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The euphemism double taxation is a loaded
term in the sense that at it's root, it is accurate in that the same cash
stream or asset is what is referred to, but it also is inaccurate in it's
implication that it is a limited taxation phenomenon. While considering
the life of an asset or cash stream, there are many transactions between
distinct entities in which taxation comes into place. The usage of the
word double hence implies excess and redundancy. It is generally used in a
limited manner in order to highlight the taxed transaction as being an
excess, when the same asset or cash stream has been taxed many times prior
to that and, in many cases, will be further taxed when changing between
distinct entities.
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