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DOUBLE TAXATION: The payment of income taxes on corporate profits twice, once when it is received by a corporation as profit and second when it is received by shareholders as dividends. Double taxation has been thorn in the side of those who own a lot of corporate stock and thus receive a lot of stock dividends. It is also problem in standard corporations (C corporations) which as given rise to a newer legal type of firm, S corporation, which is not subject to double taxation.
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G-20: In 1999, the Finance Ministers of the Group of Seven (G-7) leading industrialized nations announced the creation of the Group of Twenty (G-20). This international forum of Finance Ministers and Central Bank Governors represents 19 countries, the European Union and the Bretton Woods Institutions (the International Monetary Fund -IMF-- and the World Bank). The G-20 promotes discussion, and studies and reviews policy issues among industrialized countries and emerging markets with a view to promoting international financial stability. Member countries include: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, Korea, Turkey, the United Kingdom, the United States and the European Union. See also | G-7 | World Bank | International Monetary Fund | Commonwealth |
Recommended Citation:G-20, AmosWEB GLOSS*arama, http://www.AmosWEB.com, AmosWEB LLC, 2000-2024. [Accessed: October 6, 2024].
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SCARCE RESOURCE A resource with an available quantity less than its desired use. Scarce, or economic, resources are also called factors of production and are generally classified as either labor, capital, land, or entrepreneurship. Scarce resources are the workers, equipment, raw materials, and organizers used to produce scarce goods. Like the more general society-wide condition of scarcity, a given resource falls into the scarce category because it has a limited availability in combination with greater (potentially unlimited) productive uses.
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The portrait on the quarter is a more accurate likeness of George Washington than that on the dollar bill.
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"You don't have to see the top of the staircase to take the first step.¾ " -- Martin Luther King, civil rights leader
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SAFEX
South African Futures Exchange
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