Corporate taxes are collected by the state as a source of income.
Taxes are based on taxable income after expenses.
The corporate tax rate in the United States is currently 21%. Prior to Trump’s 2017 tax reform, the corporate tax rate was 35%.
A company may register as an S corporation to avoid double taxation. The S Corporation pays no corporate tax because the income goes to the business owners, who are taxed on their individual tax returns.
The Americans with Disabilities Act (ADA) was passed in 1990 to prevent discrimination against people with disabilities in the workplace and in employment.
Autarky refers to a state of self-sufficiency and is commonly used to describe countries or economies that seek to reduce their dependence on international trade.
A Build-Operate-Transfer (BOT) contract is a model used to finance large projects, usually infrastructure projects, developed through a public-private partnership.
Capitalism is an economic system characterized by private ownership of the means of production, especially in the industrial sector, in which labor is paid only according to wages.
The term “discount rate” can refer to either the interest rate the Federal Reserve charges banks for short-term loans or the rate used to discount future cash flows in a discounted cash flow (DCF) analysis.