At that time, investors could avoid double taxation because trusts were not taxed at the corporate level if income was distributed to beneficiaries.
At that time, investors could avoid double taxation because trusts were not taxed at the corporate level if income was distributed to beneficiaries.
那时，投资者可以避免重复征税，因为如果收入被用来分配给受益人，信托财产不用按法人标准征税。