classical system
A tax system operated by, for example, the US and the Netherlands, where tax paid at the corporate level is not creditable to the shareholders. The system usually provides for some form of prepayment tax when dividend payments are made.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • classical system — klasikinė sistema statusas T sritis fizika atitikmenys: angl. classical system vok. klassisches System, n rus. классическая система, f pranc. système classique, m …   Fizikos terminų žodynas

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