Question: Provide a substantial written response of 250-300 words addressing following topic while providing at a minimum 2 scholarly/govt references:
Topic: Double Taxation and Inflation.
a) What does double taxation of corporate income mean?
b) Could income ever be subject to triple taxation?
c) How does inflation distort analysis comparisons? Answer for both for one company over time (trend analysis), and when different companies are being compared.
d) Are only balance sheet items affected, or are both balance sheet and income statement items affected?