Proponents of double taxation point out that without a dividend tax, wealthy individuals could enjoy a good life from the dividends they receive by holding large amounts of common stock, but essentially would not be able to pay tax on their personal income. In other words, ownership of shares could become a tax protection. Proponents of dividend taxation also point out that dividend payments are voluntary shares of companies and that, therefore, companies are not required to “double” their income unless they choose to pay dividends to shareholders. An overview of the comprehensive bilateral tax treaty between Singapore and India for the avoidance of double taxation of income. For more information, see the country. You will probably need to seek professional advice if you are in a double taxation situation. .