Examlex
Rewrite with rational exponents.
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Corporate Tax System
The regulatory framework governing how businesses are taxed on their profits by the government, including tax rates and allowable deductions.
Progressive
Referring to a tax system where the tax rate increases as the taxable amount increases, ensuring higher earners pay more in taxes.
Capital Gains
The increase in value of an asset or investment over its purchase price, realized upon the sale of the asset.
Lower Rates
Typically refers to reduced interest or financing rates, often used to stimulate borrowing or economic activity.
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