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English definition of “corporation tax”

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corporation tax

noun [U or C]
 
 
UK ( US corporate income tax)
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
Translations of “corporation tax”
in Chinese (Traditional) 公司所得稅…
in Chinese (Simplified) 公司所得税…
(Definition of corporation tax from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of corporation tax?
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