A tax on the profits of corporations. Differences in corporate tax rates across countries can be a cause of foreign direct investment as well as transfer pricing.
Corporate income tax is a tax levied on the income a company derives from Singapore or receives in Singapore from outside Singapore. The corporate tax rate is 20% with effect from Year of Assessment 2005.
The tax, usually calculated on Net Profit (income less expenses), paid by the corporation before any distributions to the shareholders.
A state tax on profits generated by Corporations who conduct business in Delaware.
a tax based on the income, or profit, received by a corporation
A tax on the accounting profits of corporations. This tax is only levied on corporations, and excludes businesses that are proprietorships or partnerships. This tax is often criticized (usually by members of the second estate because corporate dividends are taxed twice -- once as corporate profits, then a second time as income with the personal income tax.
The object upon which the corporate income tax is imposed is the taxable income obtained by a tax payer during a taxation period. The tax base is corporate financial income adjusted according to the law. The adjustments are mainly implemented in order to ensure that the income is greater than expenses on which the tax is not levied (for example, expenses that are not directly related to economic activity) or in order to reduce the income by a specific amount in case if the law envisages tax relief.
