Corporate Tax
Definition
A tax on company profits. Headline rates vary widely by country; the effective rate is usually lower due to deductions.
Example
The US cut its federal corporate tax rate from 35% to 21% in 2017.
A tax on company profits. Headline rates vary widely by country; the effective rate is usually lower due to deductions.
The US cut its federal corporate tax rate from 35% to 21% in 2017.