Akademik

corporate income tax

corporate income tax corporate income tax ➔ income tax

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corporate income tax UK US noun [U or C] US (UK corporation tax)

► TAX tax that a company has to pay on its profits: »This development led to a significant reduction in the amount of corporate income tax that was paid.
»US states have varying rates for corporate income taxes.

→ Compare PERSONAL INCOME TAX(Cf. ↑personal income tax)

Financial and business terms. 2012.