Eliminating Double Taxation through Corporate Integration

The U.S. has a modified version of what is called a “classical” corporate income tax system. A classical corporate tax system treats the corporation and the shareholder as two separate taxable entities. This creates a high tax burden on corporate income, increasing the cost of capital. Many developed countries have integrated their tax systems to mitigate or completely eliminate the double taxation of corporate income.

Auto56

Eliminating Double Taxation through Corporate Integration | Tax Foundation