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Banking Term: Corporate Tax

May 12, 2015 17:30 IST

    Banking Term: Corporate Tax

    • Corporate tax is the tax usually levied by all levels of government (i.e., State and Country). It is levied on the income or capital of some types of legal entities
    • Corporate tax rates and laws vary greatly around the world, as different governments and countries view corporate taxation in different ways.
    • These taxes are against profits earned by businesses during a given taxable period; they are generally applied to companies' operating earnings

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