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.
References in periodicals archive ?
Wages for American workers of all skill levels would increase after corporate taxes are cut.
Because how much state governments receive in corporate taxes depends far more on how much profit is tax-liable, as opposed to the rate on which that profit is taxed, the researchers recommended a shift in public discourse toward the closing of corporate-tax loopholes.
Reiterating the need to lower corporate taxes as a means to boost Japanese companies' international competitiveness, Kan said that even if the corporate tax rate declines, tax revenue will be secured to some extent by a broadened tax base.
This article examines the impact of state corporate taxes on wages.
6% of GDP in 1953, by 2003 corporate taxes accounted for 7% of
This fragmented approach had become inefficient and expensive as a more global method to minimizing corporate taxes became the norm.
The economic effects of corporate taxes, and their role in the tax structure, has been a major focus of research in public finance for many years.
In drafting Treasury I, Regan agreed to hit just about every tax preference in the IRS Code and to raise corporate taxes by a staggering $150 billion.
Kevin Hassett and Aparna Mathur from the American Enterprise Institute examined the effect of corporate income taxation on wages and found that every one percentage point increase in corporate taxes results in a 0.
The literature suggests the relationship between corporate taxes and wages is more than observational and is econometrically robust.
It's important to mention that Berkshire wouldn't benefit from lower corporate taxes as much as many other companies in one very significant way.
is expected to pay corporate taxes for the first time in 13 years in the business year to March 2007 as the bank has been performing well amid Japan's economic recovery, banking industry sources said Tuesday.

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