unitary tax Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “unitary tax” in the English Dictionary

"unitary tax" in Business English

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unitary taxnoun [C or U]

uk   us   TAX
in the US, a ​type of ​businesstax that is ​based on the ​totalincome of a large ​company, rather than on the ​profits made by a ​part of that ​company in one ​state
(Definition of unitary tax from the Cambridge Business English Dictionary © Cambridge University Press)
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