CORPORATION TAX Definition

Bookmark and Share

CORPORATION TAX refers to direct taxes charged by various jurisdictions on the profits made by companies or associations. As a general principle, this varies substantially between jurisdictions. In particular allowances for capital expenditure and the amount of interest payments that can be deducted from gross profits when working out the tax liability vary substantially. Also, tax rates may vary depending on whether profits have been distributed to shareholders or not.

Learn new Accounting Terms

STANDARD DEVIATION is a statistic used to measure dispersion equal to the square root of the arithmetic mean of the squares of the deviations from the arithmetic mean.

BROKER is an individual or firm that acts as an intermediary between a buyer and seller, usually charging a commission.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.