Corporate profits are taxed twice. Thus, option (d) is correct.
What is profits?
Profit is the term used to describe the company's financial gain. The revenue is always used to produce the profit. The charges, taxes, and other expenses that are deducted from the profit constitute the business activity.
Due to the fact that the net income of the corporation is delivered to shareholders as a dividend, it is taxed twice. Once more, it is subject to a dividend tax.
As a result, the corporate profits are the taxed twice. Therefore, option (d) is correct.
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