Taxation of Corporations

Taxation of corporations involves paying taxes on their profits, which is the money left after expenses are deducted from revenue. The specific rate and rules vary by country and jurisdiction. Essentially, when a corporation earns income, it reports this to the government and pays a percentage of that profit as tax. Corporations can also be subject to other taxes like payroll or sales taxes. The goal is to generate revenue for public services while ensuring companies contribute fairly to societal development. Proper tax planning helps corporations comply with laws and optimize their financial health.