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Corporate Tax |
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Corporate Tax A tax levied on corporations' profits. Because corporations are legal entities separate from their owners, they may be taxed as if they were persons. A corporate tax, then, is the equivalent of the income tax for natural persons. Corporate taxes vary from country to country; in the United States, they are levied at both the federal and state levels. Proponents of the corporate tax argue it guards against excessive profits that may result from unethical or illegal corporate practices, while opponents say that corporations simply pass on the tax to their customers. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Company tax returns delivered after March 31, 2011 will need to be filed online for accounting periods ending after March 31, 2010. A MAJOR overhaul of the UK company tax system is needed to build a stronger economy, said a report by employers' organisation the THE annual survey on company tax carried out by PricewaterhouseCoopers on behalf of the 100 Group, the association of the largest UK companies, shows -- if there is anyone apart from the Chancellor who still needs convincing -- that UK company tax is getting seriously out of line and making this country uncompetitive. |
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