corporate income tax Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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Meaning of “corporate income tax” in the English Dictionary

"corporate income tax" in Business English

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corporate income taxnoun [U or C]

uk   us   US ( UK corporation tax)
TAX tax that a company has to pay on its profits: This development led to a significant reduction in the amount of corporate income tax that was paid. US states have varying rates for corporate income taxes.
(Definition of corporate income tax from the Cambridge Business English Dictionary © Cambridge University Press)
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