BUISENESS MANAGEMENT
TAXES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Corporate income taxes are NOT imposed by which of the following?
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State governments
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Local governments
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Foreign governments
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Universal governments
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Explanation:
Detailed explanation-1: -Corporate income tax rates are mandated by the central government.
Detailed explanation-2: -The Sherman Antitrust Act is a law passed by Congress to promote competition within the economy by prohibiting companies from colluding or merging to form a monopoly.
Detailed explanation-3: -A tariff is a tax levied on an imported good with the intent to limit the volume of foreign imports, protect domestic employment, reduce competition among domestic industries, and increase government revenue.
Detailed explanation-4: -Clayton Antitrust Act, law enacted in 1914 by the United States Congress to clarify and strengthen the Sherman Antitrust Act (1890).
There is 1 question to complete.