corporate tax
Coverage of corporate tax in the Nexus archive.
- Dominican Senate Raises Corporate Tax to 30% for Large Firms
The Dominican Senate increased the corporate tax rate to 30% for companies with annual revenues exceeding DOP 1 billion (about US$17 million), a temporary measure effective for tax years 2026–2028 before reverting to 27%. The higher rate applies only to large firms meeting the revenue threshold.
- BofA Sees Chile’s GDP Accelerating to 3% on Reconstruction Drive
Bank of America forecasts Chile’s GDP growth to rise from 1.4% in 2026 to 3% in 2027, driven by a pro-growth bill aiming to reduce corporate tax to 22% by 2029 and a monetary pivot by the Central Bank.
- Direct tax mop-up grows 16% to over ₹6.51 lakh crore so far in FY27
Direct tax collection in India grew 16% to over ₹6.51 lakh crore in FY27. Corporate tax revenue increased 22% to ₹2.40 lakh crore, while non-corporate tax (NCT) collection rose 12% to ₹3.84 lakh crore by July 13.
- New Danish government to cut corporate tax
The new Danish government, a four-party coalition led by Mette Frederiksen, plans to cut corporate tax and eliminate income tax bands for the highest earners.
- Samsung leaving New Jersey months after finishing building renovations
Samsung is relocating from New Jersey to a state with zero corporate tax after decades of operating there. The company had recently completed building renovations in the Garden State before deciding to move.