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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References in periodicals archive

It is understood the corporate tax hike is less about generating revenue and more to do with Cyprus not being seen a tax avoidance haven.

ECONOMY: Cyprus mulls increasing corporate tax rate to 15%

Raising corporate tax to 15 per cent would "drastically limit" these problems without Cyprus losing its competitive edge, the same sources added.

Cyprus mulls hiking corporate tax rate to 15 per cent

The network said that through its network of satellite jurisdictions, the UK bears the lion's share of responsibility for the "breakdown of the global corporate tax system".

UK world's 'greatest enabler of corporate tax avoidance'

Lowering corporate tax will also lead to several other positive economic effects such as encouraging investment in the Nigeria and discouraging profit shifting.

Experts Argue For Reduction In Corporate Taxes To Boost Growth And Employment

The US-based company claimed that its Irish subsidiary, IV IL, was the contracting party and that the deal was subject to the corporate tax exemption clause in the Korea-Ireland tax treaty.

Samsung denied full exemption from tax bill through disputed patent-licensing deal

'A more equitable corporate tax system would help strengthen competition among businesses and encourage overall investment in the Philippines more broadly,' he said.

IMF backs plan to cut corporate taxes

BMI research earlier warned that investments could slow over the near-term amid 'uncertainties' over the government's proposed conditional corporate tax reduction and repealing of fiscal incentives, saying such a measure will likely make the Philippines less competitive versus its regional peers.

IMF supports Duterte admin's corporate tax reform

At present, the NBR collects corporate tax in six categories.

Budget implementation to be key challenge: FICCI

"Business investment in Australia has been at historically high levels over much of the past decade despite our comparatively high headline corporate tax rate."

Turnbull pressures ABC on tax coverage: Under pressure, broadcaster censors reports on proposed company tax cuts

"To begin with, one percent cut in the corporate tax rate, gradual phasing out of accelerated tax depreciation and a sunset clause for the tax deductions, coupled with reduction in MAT, will set the tone for this year's Budget," KPMG (India) Partner Tax Vikas Vasal said.

Budget 2016: Govt may cut corporate tax by 1%, say experts

KPMG has released an analysis on the corporate tax and VAT law situation in the UAE.

KPMG release update on corporate tax and VAT laws in the UAE