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The US Internal Revenue Code's Subchapter C taxes the profits of large American corporations like Microsoft and Walmart because C corporations are subject to this taxation.
C corporation is what?
C corporation, sometimes referred to as a "C Corp," is a type of business company that shields the owners' private property from creditors. It may have an infinite number of owners and different stock classes.
Which business entity kinds are vulnerable to double taxation?
Due to the fact that any earnings are taxed both as income for the firm and as income for the business owner, a sole proprietorship is vulnerable to double taxation. The greatest business ownership structure in terms of total net income is a sole proprietorship.
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