Meaning of “corporation tax” in the English Dictionary

Business

"corporation tax" in English

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corporation taxnoun [ U ]

uk /kɔː.pərˈeɪ.ʃən ˌtæks/ us /kɔːr.pəˈreɪ.ʃən ˌtæks/ UK

Examples from literature

  • When Congress establishes a new form of tax, therefore, such as the income tax or the corporation tax, the Supreme Court is pretty sure to be called on to decide under which of these large constitutional classes it falls. 

(Definition of “corporation tax” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"corporation tax" in Business English

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corporation taxnoun [ U or C ]

uk us UK US corporate income tax

TAX tax that a company has to pay on its profits:

As a charity they do not pay corporation tax on profits.

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

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