### How can separate taxation of corporate income be justified

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Explain how corporate income could be explained under a comprehensive income tax without recourse to a corporate income tax? How can separate taxation of corporate income be justified?

##### Reference no: EM13255631

An invesment offers to pay you 12% over the next year. You expect inflation to be 2.5% over that same year. How much will your purchasing power increase if you make this inv

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