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 Corporations. Corporations synonyms, Corporations pronunciation, Corporations translation, English dictionary definition of Corporations. n. 1. An entity such as a business, municipality, or organization, that involves more than one person but tha
The meaning of CORPORATION is a group of merchants or traders united in a trade guild. How to use corporation in a sentence.
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.
The meaning of PROFESSIONAL CORPORATION is a corporation organized by one or more licensed individuals (such as a doctor or lawyer) especially for the purpose of providing professional services and obtaining tax advantages.
A business that is legally completely separate from itsowners. Mostpublicly-tradedcompanies (and all major ones) fall under this classification. For United States tax purposes, corporations, legally known asC corporations, are required to payincome taxeson theirprofits. The advantage to a corporate ...
have the luxury of dividing their income between the company and shareholders so that it can be taxed at various rates. The remainder of the businessdividendswill be subject to its own level of taxation, while any income identified as owner remuneration will be subject to self-employment tax. ...
In return, they maintain tax-exempt status but may not distribute profits to shareholders or political organizations. What is the definition of a corporation? A corporation is a business entity that protects its owners from losses greater than what is individually invested in the firm. What are ...
18:7-2.3.(b) NEW CORPORATIONS:(1) Every New Jersey Banking or Financial Corporation acquires a taxable status under the New Jersey Corporation Business Tax Act beginning on the date of its incorporation, regardless of whether it had assets or conducted any business activities. Line 19 on ...
A business located where corporate tax is high would not be able to lower its tax bill by choosing to incorporate in a state where taxation is lower. Article Sources Related Terms Short Run: Definition in Economics, Examples, and How It Works The short run is the idea that within a ...