answersLogoWhite

0


Best Answer

Corporate tax refers to a tax levied by various jurisdictions on the profits made by companies or associations. As a general principle, the tax varies substantially between jurisdictions. In particular allowances for capital expenditure and the amount of interest payments that can be deducted from gross profits when working out the tax liability vary substantially. Also, tax rates may vary depending on whether profits have been distributed to shareholders or not. Profits which have been reinvested may not be taxed.

User Avatar

Wiki User

16y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the definition of corporate tax credit?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What state has majority of all credit card companies?

Delaware because there is no corporate tax.


Are US companies in Canada subject to US corporate tax?

Yes, but they will get a credit for taxes paid to Canada.


What is the definition of tax credits?

Tax credits are credits that individuals or companies may be entitled to at the end of the tax year. These credits may include moving credits, college tax credits, or child care tax credits. One popular credit for families is the Earned Income Tax Credit, which offers a sizeable credit for families or single parents of children.


What are some corporate tax software?

A couple of good corporate tax software programs are: Complete Tax and Sabrix. Taxwise and ATX are good corporate tax programs for smaller businesses.


Does corporate express deal with credit?

Yes corporate do deals with credit. They deal with american express credit cards.


Why are corporate tax rates higher than individual tax rates?

Corporate tax rates tend to be lower than individual tax rates.


What information is typically on a corporate bond?

the bond's maturity, redemption features, credit quality, interest rate, price, yield and tax status


Corporate Credit?

form_title=Corporate Credit form_header=Build your corporate credit and limit your use of personal credit! What is your dept to income ratio?=_ Why do you need this specific credit line?=_ Does your business have a current credit score?= () Yes () No () Not Sure If so, what is the current credit score?=_


What is the term for a tax levied on individual and corporate earnings?

Personal income tax or corporate income tax, it's not that hard to figure out


Which tax leads to double taxation?

corporate tax


What are the requirements to obtain a corporate credit card?

The requirements to obtain a corporate credit card can vary by the company. Most of the time you must have good credit and/or be working for that corporate for a long time.


Corporate tax rate?

The corporate tax structure is progressive; the more that a corporation makes, the higher the tax bracket. Tax rates start at 15% and top out at 35%.