Settlor – a person establishing a trust by concluding a trust agreement. A settlor undertakes to grant their property for the disposal of a trustee, who disposes of it to the benefit of beneficiaries indicated by the settlor.
Double taxation of companies is, in fact, the double taxation of the shareholder’s profit earned by through the structure of the company. The first taxation occurs at the company level (since it is subject to corporate income tax) and the second taxation occurs at the level of the shareholder, who receives the profit distributed by the company (e.g. in the form of a dividend). If the shareholder (stockholder) is another limited company (and such company’s shareholder is yet another limited company etc.), then multiple taxation occurs until the stage where the profit is distributed to a natural person.