corporate tax is included in national income or not
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GDP is calculated in two ways. One aggregating incomes. The other approach is aggregating expenditures.
So following income approach, corporate profits before taxes are taken for arriving at country's total national income. So corporate taxes cannot be taken again for national income purposes. It will lead to duplication.
So following income approach, corporate profits before taxes are taken for arriving at country's total national income. So corporate taxes cannot be taken again for national income purposes. It will lead to duplication.
Answered by
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yes....it is counted in nation income
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