corporate tax

Definition

A tax that must be paid by a corporation based on the amount of profit generated. The amount of tax, and how it is calculated, varies depending upon the region where the company is located.

Use corporate tax in a sentence

You need to make sure that you will be able to afford any corporate tax that is levied against your company.

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The corporate tax was paid in full as the multinational company continued to operate in a profitable manner delivering value to its customers.

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My boss is considering moving our corporate offices to the Cayman Islands because he wants to reduce our corporate tax liability in the United States.

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