Corporate tax reform

Corporate tax reform involves changing the rules that determine how much tax companies must pay on their profits. The goal is often to simplify the tax system, promote economic growth, and ensure companies contribute fairly. Reforms may include adjusting tax rates, closing loopholes, or updating deductions. These changes impact how much money businesses owe the government, influencing investment, hiring, and overall competitiveness. Effective reform aims to create a balanced system that supports business success while funding essential public services.