​In which two ways is corporate profits tax similar to the payments to common shareholders (owners) as opposed to the claimants higher up on the company cash flow waterfall?

SWFT Individual Income Taxes
43rd Edition
ISBN:9780357391365
Author:YOUNG
Publisher:YOUNG
Chapter20: Corporations And Parterships
Section: Chapter Questions
Problem 18DQ
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​In which two ways is corporate profits tax similar to the payments to common shareholders (owners) as opposed to the claimants higher up on the company cash flow waterfall?

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