corporation tax

noun [U or C] UK (US corporate income tax)

Definition

› TAX tax that a company has to pay on its profits: The chancellor proposed to reduce the small companies rate of corporation tax to 24%. As a charity they do not pay corporation tax on profits. a reduction/increase/rise in corporation tax

→ Compare personal income tax

(Definition of corporation tax noun from the Cambridge Business English Dictionary © Cambridge University Press)

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corporate structure noun
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corporate venturing noun
corporates noun
corporation noun
corporation tax noun
corporatize verb
corporeal hereditament noun
correct verb
correction noun
corrective adjective

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corporation tax, at corporate income tax noun

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