Noun
corporation tax (uncountable)
(Britain, taxation) synonym of corporate tax
The Irish move to a very low corporation tax has generated very significant revenue growth, considerably in excess of Britain's, where a slower economy has been combined with a number of stealth taxes. John Redwood
I mean I get loads of money, all from different sources. You give it to your accountant. They manage it. But you pay corporation tax. If you're then taking it out and spending it on yourself, you have to pay more. Ken Livingstone
After the fact that he was avoiding corporation tax was revealed these “estimated losses” suddenly started disappearing and his company paid around £35k CT in the 2013 accounts. Source: Internet
Coffee giant Starbucks’ daily grind over tax avoidance may now be over as it has paid £5m in UK corporation tax for the first time since 2009. Source: Internet
Once the company is set up, you’ll need to register for corporation tax within three months. Source: Internet
Some of the headlines include a drop in corporation tax of 3% to 17%, and sweeping cuts to business rates for small operations. Source: Internet