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9 July, 09:44

Corporate taxes are a type of what kind of tax?

A: Income Tax

B:Property Tax

C:Sales Tax

D:excise Tax

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Answers (1)
  1. 9 July, 10:09
    0
    Corporate taxes are based on a percentage of the ultimate profits of a company i. e. the company's income. So the best answer Is option A, income tax. Income taxes are necessary in order to ensure there is good economic balance within a country, rather than a disparate distribution of wealth.
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