Corporation tax definition: a British tax on the profits of a company or other incorporated body. See examples of CORPORATION TAX used in a sentence.
corporation tax.Definition of "corporation tax" is presented. It refers to taxation imposed on the assessable profits of business enterprises.EBSCO_bspInternational Dictionary of Finance Edition
Define corporation. corporation synonyms, corporation pronunciation, corporation translation, English dictionary definition of corporation. n. 1. An entity such as a business, municipality, or organization, that involves more than one person but that has
The meaning of CORPORATION is a group of merchants or traders united in a trade guild. How to use corporation in a sentence.
: a corporation organized by one or more licensed individuals (as a doctor or lawyer) to provide professional services and obtain tax advantages — public corporation : a government-owned corporation (as a utility or railroad) engaged in a profit-making enterprise that may require the exercise...
or any possession of the United States, or by any political subdivision of any foreign country or United States possession, which is an income tax as defined in Treasury Regulation Section 1.901-2, and any interest, penalties, additions to tax, or additional amounts in respect of the ...
•It also offered acompleteexemptionofcorporation taxfor 10 years from the start ofoperations.•Letus nowconsidertheeffectof thecorporation tax.•However, when theloanisrepaid, the company isentitledto arefundof thecorporation tax.•Because the money is notsubjecttocorporation tax, the grants ...
poration. The corporation files its own tax returns, pays taxes on income, and then dis- tributes dividends to shareholders who pay taxes on the dividends. 3.501(c)(3) corporation.A not-for-profit corporation authorized by Section 501(c)(3) of the ...
Define mainstream corporation tax. mainstream corporation tax synonyms, mainstream corporation tax pronunciation, mainstream corporation tax translation, English dictionary definition of mainstream corporation tax. n the balance of the corporation tax fo
ADVANCE CORPORATION TAX DefinitionADVANCE CORPORATION TAX (ACT) is a UK Corporation tax, required under UK tax rules. It represents a minimum tax on companies that earn most of their profits overseas. Learn new Accounting TermsVARIABLE COSTS are those costs associated with production that changes ...