corporation tax

noun

1. a British tax on the profits of a company or other incorporated body

Example Sentences

The coalition government had agreed not to call an election until the Finance Bill had passed, enacting tax cuts which capitalised on surplus corporation tax incomes from global tech and pharma groups.

From BBC

Firms that sign up only have to pay a corporation tax rate of 7%.

From BBC

The country's standard corporation tax rate - the amount that firms have to pay on their profits - is just 12%.

From BBC

He has proposed making tipped income tax-free, abolishing tax on social security payments and shaving corporation tax.

From BBC

If businesses absorb the extra costs, profits could be lower and the amount they pay in corporation tax could be less.

From BBC