0 tax paid by businesses on their profits
1 tax that a company has to pay on its profits:
The chancellor proposed to reduce the small companies rate of corporation tax to 24%.
As a charity they do not pay corporation tax on profits.
a reduction/increase/rise in corporation tax
When Congress establishes a new form of tax, therefore, such as the income tax or the corporation tax, the Supreme Court is pretty sure to be called on to decide under which of these large constitutional classes it falls.
The corporation tax treated companies as separate entities and therefore dividends as new income for the shareholder.
The corporation tax was not in itself a necessarily socialist or even left-wing measure.
Would you accept that your comments in relation to corporation tax will harm, rather than help, this situation?
Tax harmonisation is necessary to a certain degree, for example, minimum rates of corporation tax.
Company tax or corporation tax is very important to us and it is up to each country to set its own rate.
The current view remains that any change in capital structure would not significantly affect the published estimates of corporation tax revenues.
Since privatisation, those companies have been paying £60 million a week in corporation tax.
