For taxes in the United States, see State tax levels in the United States. Please help improve it or discuss these issues on the talk page. This article includes a list of references, but its sources remain unclear because it has insufficient inline citations. The lead section of this article may need withholding tax rates in pakistan 2016 17 pdf be rewritten.
Please discuss this issue on the article’s talk page. A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the tax burden falls differently on different groups in each country and sub-national unit. The table is not exhaustive in representing the true tax burden to either the corporation or the individual in the listed country. The tax rates displayed are marginal and do not account for deductions, exemptions or rebates. The idea to levy GST was proposed and dropped in 2006. Please help improve it or discuss these issues on the talk page.
This article possibly contains original research. The examples and perspective in this article deal primarily with the United States and the United Kingdom and do not represent a worldwide view of the subject. This article needs additional citations for verification. A corporate tax, also called corporation tax or company tax, is a direct tax imposed by a jurisdiction on the income or capital of corporations or analogous legal entities. Many countries impose such taxes at the national level, and a similar tax may be imposed at state or local levels. Company income subject to tax is often determined much like taxable income for individual taxpayers.
Generally, the tax is imposed on net profits. In some jurisdictions, rules for taxing companies may differ significantly from rules for taxing individuals. Certain corporate acts, like reorganizations, may not be taxed. Some types of entities may be exempt from tax. Countries may tax corporations on its net profit and may also tax shareholders when the corporation pays a dividend.
Where dividends are taxed, a corporation may be required to withhold tax before the dividend is distributed. Economists disagree as to how much of the burden of the corporate tax falls on owners, workers consumers and landowners, and how the corporate tax affects economic growth and economic inequality. This section does not cite any sources. A corporate tax is a tax imposed on the net profit of a corporation that are taxed at the entity level in a particular jurisdiction. Net profit for corporate tax is generally the financial statement net profit with modifications, and may be defined in great detail within each country’s tax system. Such taxes may include income or other taxes.