Primary navigation:

QFINANCE Quick Links
QFINANCE Reference
Add the QFINANCE search widget to your website

Home > QFINANCE Dictionary > Definition of classical system of corporation tax

Definition of

classical system of corporation tax


system doubly taxing firm's income a system in which companies and their owners are liable for corporation tax as separate entities. A company's taxed income is therefore paid out to stockholders, who are in turn taxed again. This system operates in the United States and the Netherlands. It was replaced in the United Kingdom in 1973 by an imputation system.

classical system of corporation tax - Related Articles
  • Corporate Finance for SMEs

    Best Practice

    Both of these typical situations create the need for advice and support on corporate finance, funding, and tax and legal advice.
    By Terry Carroll

  • Integrated Corporate Financial Risk Policy

    Best Practice

    Fixed price budgets are the classic example of a procurement risk management policy that may be inconsistent with corporate risk policy. Budgets create the artificial incentive to hedge regardless of the cost of doing so, as long as the realized price is within budget. Other procurement policies
    By David Shimko

  • The Audit Committee and Corporate Governance


    In some companies this may go beyond financial. There are a tremendous number of moving parts that define the viability of the organization, with many drivers and a great deal of complexity and interaction between them. The quality of the people involved, the quality of the systems that a company
    By Richard Wilson

  • The Case for Continuous Auditing of Management Information Systems

    Best Practice

    Control systems can be categorized as being either technical systems or decision systems. Classically, corporate technical systems represent specialized configurations that support business units in achieving objectives, whereas decision systems represent information systems, or analytic models
    By Robert E. Davis


Definitions of ’classical system of corporation tax’ and meaning of ’classical system of corporation tax’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’classical system of corporation tax’ and other financial terms with our online QFINANCE Financial Dictionary.

Back to top

Related Blog Posts

More related Blog results