corporation tax
Company profit tax
Corporation tax is the tax levied on the profits of companies and other corporate entities.
In the UK, this term is standard; Americans typically say corporate tax or corporate income tax.
The rate and structure vary by jurisdiction, with some countries offering lower rates to attract business investment.
The company's corporation tax bill increased after a profitable year.
Unlike income tax on individuals, corporation tax applies only to business profits after allowable deductions.
- profitGain exceeding expenditure
- bottom lineEssential point or conclusion
- revenueBusiness income total
- levyCompulsory government charge
- taxMandatory public revenue charge
income · tax rate · tax bill · business · rate · duty · tax compliance · tax haven · offshore accounts · shell company · taxable income · tax return · tax year · liability · retained earnings · financial statements · annual report · filing
- taxationtax, income tax, sales tax, tax return, tax refund
- UK economyBank of England, pound sterling, GDP, London Stock Exchange, sterling
- Irish economyFDI, GDP, GNP, euro, bailout
- UK BudgetExchequer, budget deficit, public spending, national debt, public debt
- UK taxesVAT, income tax, council tax, inheritance tax, capital gains tax
- corporate taxtaxable income, tax liability, tax rates, tax base, tax return
corporation taxpersonal income tax
Tax on individual earnings
personal tax · income tax · payroll tax · inheritance tax · estate tax
corporation taxsales tax
Government percentage on purchases
consumption tax · VAT · value-added tax · property tax · excise tax
corporation taxcorporate welfare
Government assistance to companies
tax exemption · tax incentive · enterprise zone · tax holiday · tax abatement
corporation, corporate, corporatism, corporatist, incorporate, incorporated, incorporation, incorporeal, corporeal