Royalty trust
id:
royalty-trust-202-102522
title:
Royalty trust
text:
A royalty trust is a type of corporation, mostly in the United States or Canada, usually involved in oil and gas production or mining. However, unlike most corporations, its profits are not taxed at the corporate level provided a certain high percentage of profits are distributed to shareholders as dividends. The dividends are then taxed as personal income. This system, similar to real estate investment trusts, effectively avoids the double taxation of corporate income. Texas oilman T. Boone Pic
brand slug:
wiki
category slug:
encyclopedia
description:
Type of corporation
original url:
https://en.wikipedia.org/wiki/Royalty_trust
date created:
date modified:
2024-03-19T03:06:27Z
main entity:
{"identifier":"Q17105589","url":"https://www.wikidata.org/entity/Q17105589"}
image:
fields total:
13
integrity:
14