corporation tax

British  

noun

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

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Example Sentences

Kast's new finance minister, Jorge Quiroz, announced a clutch of bills would go before parliament in the weeks ahead, including one trimming corporation tax from 27 to 23 percent.

From Barron's

Party chair Anna Turley wrote to the tax authority after the Sunday Times reported Tice had "avoided nearly £600,000 in corporation tax" through his property company.

From BBC

The status gives firms a grace period in which they are exempt from corporation tax, according to the paper, and instead issue a portion of the company's earnings to shareholders who are taxed individually.

From BBC

The Done brothers, who nearly doubled their tax bill from £273.4m last year earlier, joined many on the list paying more after changes to corporation tax rates and other taxes by the Labour government in a bid to support higher welfare spending.

From BBC

Oil and gas firms operating in the North Sea pay a 30% corporation tax on their profits and a supplementary 10% rate on top of that.

From BBC