Corporate income tax

When corporations make profits, governments generally seek to levy a portion of those profits as tax, to ensure the corporation pays its fair share towards the public services and protections that have contributed towards those profits. It is generally assessed on the basis of net profits: that is, profits after costs have been deducted. Typical corporation tax rates in countries that are not tax havens range between 20 and 35 percent.

Be the first to comment

Please check your e-mail for a link to activate your account.