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Which one of the below is true for Corporate Income Tax or Income Tax on companies ?

a. Income tax is a regressive tax. b. is a progressive tax. c. None of the above d. All of the above.

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Question ajoutée par Utilisateur supprimé
Date de publication: 2014/09/03
VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
par VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

That depends on the Financial Policies and differ from Government/Est.  to Government/Est.

Generally it is:    b. Progressive 

In India Progressive system was there but as on date:  Stable

regressive strategy can also be experimented (chances prevails)

Mark John Domingo
par Mark John Domingo , General Accountant , Palma Holding

C. None of the above. Companies are taxed at flat rates.

Utilisateur supprimé
par Utilisateur supprimé

c. None of the above

Anayatullah Tahir
par Anayatullah Tahir , Finance Manager , Etqan Projects

b. is a progressive tax.

Umair khilji
par Umair khilji , Project Accounts Manager , HYOSUNG Corporation

B) is a Progressive Tax Because its depend on the company profit and loss Statement.  

Rachid Maftouh
par Rachid Maftouh , Finance Supervisor , Flowserve

It's a corporate Income Tax, for Morocco it's progressive tax depending on the net income before tax

Mumini Olapade
par Mumini Olapade , Accountant (Head) , Spectra Industries Limited

The rate is flat on all the companies, but it is still progressive since companies pay more tax when earn more profit when the rate is applied. Answer is b.

IHJAS AHAMMED
par IHJAS AHAMMED , Internal Auditor , AlJaber Group

It may differ from government to government. Mostly it may be progressive for Individuals and a flat rate for companies. 

Abdul Md. Abdul Halim Hazari.
par Abdul Md. Abdul Halim Hazari. , Deputy Manager Under Accounts & Finance , Western Fishers Shipyard Limited

Income Tax is a Progressive tax.

Masood Zeb
par Masood Zeb , Account Manager , Five star agro Fertilizer

It is s per local tax laws bur on safer side yes

Hunain Bashir
par Hunain Bashir , Senior Finance Executive , Nizam Energy (Pvt.) Limited

c. None of the above as there is a fixed rate of Income Tax Liability on profits earned by companies in Pakistan

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