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One of the disadvantages of the corporation is double taxation. Discuss the concept along with...

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Accounting

One of the disadvantages of the corporation is double taxation. Discuss the concept along with an example. How do corporate taxes differ from personal tax liability and what are the tax implications for multinational corporations? You may also consider the implications of state vs. federal taxation, transfer pricing, the recent Wayfair decision, and/or pass-through entities in your answer.

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