In the United States, the IRS taxes corporation.If they have excessive retained earnings; they can be subject

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In the United States, the IRS taxes corporation.If they have excessive retained earnings; they can be subject to extra taxation and penalties. Why does the IRS do this?

Do you feel it is ethical for a corporation to create a situation that incurs these penalties thus costing shareholders money?

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Jul 20, 2023 02:44 AM

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In the United States, the IRS taxes corporation.If they have excessive retained earnings; they can be subject

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The IRS taxes corporations on their profits to generate revenue for the government and to ensure that corporations pay their fair share of taxes The c... View the full answer

Income Tax Fundamentals 2013

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