corporation tax


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corporation tax

n
(Government, Politics & Diplomacy) a British tax on the profits of a company or other incorporated body
Translations

corporation tax

nimposta sul reddito di persone giuridiche
References in periodicals archive ?
It accused HM Revenue and Customs of looking "way too lenient" over the way it deals with big name firms who are "getting away with" paying little or no corporation tax.
NPOWER has admitted it has not paid corporation tax in the UK for three years, saying it has invested "billions" in new power stations and wind technology.
ACCUSATIONS A report claims energy company Npower has avoided paying up to PS108m in corporation tax in the past four years
Various legal methods are used by big businesses to cut their corporation tax bills.
Reforms to corporation tax in 2008 and 2010 have both simplified corporation tax and started to lower the burden of corporation tax.
Jamie Morrison, private client partner at the chartered accountants HW Fisher & Company, said the changes to corporation tax show Britain is open for business but as a corporate tax haven.
If Comment of the Day PS20 EVERY year since the Tories came into power, Chancellor George Osborne has cut corporation tax for the big six energy companies, and every year they bank this tax cut and keep increasing fuel bills.
Similar to C corporation tax treatment, the BIG tax results in exposure to double taxation, with the corporate-level gain taxed at the entity level at the 35% rate.
Observation: These proposals would not be effective until S corporation tax years beginning after final regulations are issued.
The new BIK rate is 20% and, for the 2009/10 tax year, the reduced CO2 level allows companies to offset more of the IS 220d's capital cost against Corporation Tax at a rate of 20%.
The bank's 2009 corporation tax bill is around a thirtieth of the pounds 3billion bonuses they'll pay this year.

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