Entry from British & World English dictionary
Definition of corporation tax in English:
noun[mass noun] British
Tax levied on companies' profits.
- The main taxes are income tax, corporation tax and withholding tax.
- The impact, not only of income tax, but inheritance tax, capital gains tax, corporation tax and stamp duty have to be considered.
- Revenue sources said its enquiries are examining liabilities for gift tax, income tax and corporation tax.
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