Corporate income tax, sometimes referred to as corporation tax, is a tax legal entities must pay to federal and state governments. Groups who are required to pay corporate income tax include C corporations, cooperatives registered as corporations, and state funded or operated corporations. Meanwhile, those who are exempt from paying this type of tax are insurance funds, most non-profits, port operators, and political parties. Different countries apply different methodologies when computing corporate income tax, but it is usually dependent on the net taxable income of the entity.Hire Corporate Income Tax Experts
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