( BrE ) ( AmE corporation income tax ) n [ U ]
a tax paid by companies on their profits. British companies pay between 19% and 30% corporation tax, depending on the size of their profits. In the US different rates are charged in each state.
CORPORATION TAX
Meaning of CORPORATION TAX in English
Oxford guide to British and American culture English vocabulary. Руководство по британской и американской культуре, Оксфордский английский словарь. 2005