Definition, Meaning & Synonyms
corporate-rate
noun
/ˈkɔːr.pə.rət reɪt/
Definition
The corporate rate refers to the percentage or amount that companies are taxed on their profits.
Examples
- The corporate rate in the United States has been a topic of much debate among lawmakers.
- Many businesses strategize their operations based on the corporate rate to maximize profits.
- Changes in the corporate rate can significantly impact small and large businesses alike.
Meaning
It represents the tax burden placed on corporations, which directly affects their net income and overall financial health.
Synonyms
- corporate tax
- business tax
- company tax
