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.
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.