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Corporate Tax
(redirected from Corporate income taxes)

    Also found in: Wikipedia 0.04 sec.
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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? Mentioned in ? References in periodicals archive
 
In fact, revenue to the general fund - almost all personal and corporate income taxes - once again jumped from the previous quarterly forecast by a combined $199 million.
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The federal agency responsible for the collection of federal taxes, including personal and corporate income taxes, Social Security taxes, and excise and gift taxes.
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IRS regulation that gives a corporation with 35 or fewer shareholders the option of being taxed as a partnership to escape corporate income taxes.
Disregarded entities and tax liabilities by Laffie, Lesli S. / The Tax Adviser
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