consent dividend

A dividend that is not actually paid to the shareholders, but is taxed to the shareholders and increases the basis in their stock investment.

• A corporation declares a consent dividend to avoid or reduce an accumulated-earnings or personal-holding-company penalty tax.

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词条贡献者

译员黎川，在一家顶尖澳洲律师事务所的上海办公室担任全职法律翻译，擅长翻译涉及工业与制造业领域的法律文件。