Q. Is corporation tax a tax return?
Is corporation tax a tax return?
A company corporation tax return should show your corporation tax bill, as well as your company’s profit or loss for corporation tax (which is not the same as the profit or loss shown in your annual accounts). Financial data from publicly traded companies must be made public. They are not required to publish their detailed tax returns because they may have information that is useful to their competitors. However, most corporate tax returns are not available to the public. Most have only a few stockholders, who are frequently family members. Requiring them to publish any financial information would seriously invade privacy.
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