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Definitions from the Web

Corporation Tax

Description

Corporation tax refers to a tax levied on the profits earned by businesses or corporations.

Senses and Usages

Sense 1:

As a Noun (Countable): A type of tax imposed on the profits of corporations.

Example Sentences:

1. Large corporations often hire experts to handle their corporation tax.
2. The government plans to increase corporation tax rates next year.
3. Corporation tax is an essential source of revenue for the country.

Sense 2:

As a Noun (Uncountable): The overall tax system applicable to corporations.

Example Sentences:

1. The new legislation aims to simplify the corporation tax process.
2. Understanding the complexities of corporation tax is crucial for business owners.
3. The accountant specializes in helping companies with their corporation tax obligations.

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