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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.


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Byline: ARTHUR MACDONALD MANAMA: Corporate tax rates in some GCC countries are falling this year, at a time when elsewhere in the world, government's are demanding more from businesses.
Byline: Manama The corporate tax rates in some GCC countries are falling this year, at a time when elsewhere in the world, government's are demanding more from businesses.
Then, and now, the corporate tax rate increases were elements of multifaceted tax-raising packages.
 
 
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