Corporate Tax

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Related to Corporate Income Tax: Personal income tax

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.
References in periodicals archive ?
Personal income tax kicker rebates are better public policy than corporate income tax refunds - most of the money stays in Oregon, and the checks have a stimulative effect on the economy.
The millions of undercollection included tax arrears for 17 companies under corporate income tax amounting to RM2.
7) It should be noted that our measure of the tax sensitivity of the federal personal income tax base is not as precisely estimated as the tax sensitivities of the federal corporate income tax base or the provincial corporate and personal income tax bases; therefore, one should place a large "confidence interval" around it.
Imputation System--As noted above, the corporate income tax rate in Malta is generally 35 percent.
Overall employment comparisons show that states that cut corporate income taxes started with slower year-over-year employment growth than states making no changes in corporate income tax rates.
No corporate income tax is levied on a corporation that is owned by Qatari nationals.
One obvious reason for this volatility is that corporate income tax collections have fluctuated with the national economy, for better or worse.
pdf; Peter Fisher, Tax Incentives and the Disappearing State Corporate Income Tax, 23 STATE TAX NOTES (Mar.
In budget legislation announced last May, the Government introduced proposals to (1) reduce the corporate income tax rate from 21 percent to 19 percent over a period of years through 2010 and (2) eliminate the corporate surtax by 2008.
Corporate income tax revenues as a share of total tax revenues at the national level have declined over the past decade, as evidenced by a recent report by the federal General Accounting Office, which found that a majority of corporations reported no federal corporate income tax liability during the 1996-2000 period.
The bullish outlook reflects Japan's economic recovery that is expected to result in a sharp increase in corporate income tax revenues.

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