Assertion: fund | /r/CapableOf | pay tax
Facets:
value: on the company's capital gains
type: TRANSITIVE-OBJECT
value: on earnings
type: OTHER
value: without the regulated investment company allowance
type: OTHER
value: on generated income
type: OTHER
Source sentences:
text: The purpose of utilizing pass-through or flow-through income is to avoid a double-taxation scenario as would be the case if both the investment company and its investors paid tax on company generated income and profits.
text: Without the regulated investment company allowance, both the investment company and its investors would have to pay taxes on the company's capital gains or earnings.