A disadvantage of co-operatives is that they are subject to higher tax rates than corporations.

Name: A disadvantage of co-operatives is that they are subject to higher tax rates than corporations.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This statement is false. In fact, co-operatives often enjoy tax advantages such as reimbursement of taxes paid on profits that are distributed to their members as patronage refunds. Additionally, in some countries, co-operatives may be exempt from certain taxes.

A Disadvantage of Co-Operatives Is That They Are Subject to Higher