Question

Take a look at the current corporate tax rates. What is your opinion on the current brackets, limits and corresponding rates? Why do you think they are what they are? What would you change?

******please explain in detail********

Answer 1

Corporate tax rates would for the most part be high when contrasted with other assessment rates. Furthermore, this is on the grounds that they are the methods for the legislature to get their income from as the corporate is an all around arranged structure, the assessment arranging will be with the end goal that it won't influence the interests of open on the loose.

The change I would expect will present piece rate framework relying upon the type of organization and industry it is working together in would help in the development of little enterprises. For example, same rate of tax for very much settled organizations and new businesses won't demonstrate any support to the new businesses.