Introduction to business taxation

This note gives an introduction to the taxation of businesses. The note considers business taxes in different countries from the viewpoint of a company who is generating profits only within the borders of this country. The overall objective of this technical note is to familiarize the reader with the business taxes, their main components, and how countries tax different types of organizational forms. The emphasis is on partnerships and corporations. The note covers key topics such as the double taxation of corporate profits as well as the tax treatment of losses.