corporate tax rates

Corporate tax rates are the percentage of a company’s profits paid to the government as taxes. These rates vary by country and sometimes by the size or type of business. For example, if a company earns $1 million and the corporate tax rate is 20%, it will pay $200,000 in taxes. These taxes fund public services like roads, schools, and healthcare. Governments may set different rates to encourage business growth or revenue collection. Understanding corporate tax rates helps businesses plan their finances and evaluate their profitability after taxes.