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Corporate Tax

Corporate tax is a tax that governments impose on the profits earned by businesses or corporations. When a company generates revenue, it subtracts its expenses (like salaries, materials, and rent) to determine its profit. The corporate tax is then applied to this profit. The rate can vary by country and sometimes by types of business. The revenue from corporate taxes is used by governments to fund public services, infrastructure, and other essential programs. This tax plays a significant role in the economy and influences companies' financial strategies and decisions.

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    Corporate tax is a percentage of a company's profits that is paid to the government. When businesses earn money, they must report their income and pay tax on it after deducting eligible expenses, like salaries and operating costs. The rate can vary by country and can influence how companies operate and invest. Corporations use taxes to fund various public services and infrastructure, contributing to the overall economy. This tax is an important source of revenue for governments and plays a key role in financial planning for businesses.