What is the amount corporate tax earned by the government of india in 2018?
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Explanation:
Since January 1, 2018, the nominal federal corporate tax rate in the United States of America is a flat 21% due to the passage of the Tax Cuts and Jobs Act of 2017. State and local taxes and rules vary by jurisdiction, though many are based on federal concepts and definitions.
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Answer:
The government has collected total corporate tax of Rs 2.49 lakh crore this year so far, which is less than one-third of its full-year target of Rs 7.66 lakh crore.
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