corporate income tax Meaning in the Cambridge English Dictionary

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 ​developmentled to a significant ​reduction in the ​amount of ​corporateincometax that was ​paid. US ​states have ​varyingrates for ​corporateincometaxes.
(Definition of corporate income tax from the Cambridge Business English Dictionary © Cambridge University Press)
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