Corporation Tax
Why Corporation Tax?
Corporation tax is a type of tax levied on the profits earned by companies or corporations.
It is a direct tax imposed by the government on the income generated by businesses during a specific financial period. Corporation tax rates and regulations can vary by country, and some regions might have different names for this tax (e.g., corporate tax, company tax).
Here are the key reasons why corporation tax exists and why it is important:
It is a direct tax imposed by the government on the income generated by businesses during a specific financial period. Corporation tax rates and regulations can vary by country, and some regions might have different names for this tax (e.g., corporate tax, company tax).
Here are the key reasons why corporation tax exists and why it is important:
- Taxation of Business Income.
- Economic Stabilization.
- Encouraging Investment.
- Competitiveness and Economic Growth.
- Government Policy Objectives.
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