Definition of caveat emptor. : a principle in commerce: without a warranty the buyer takes the risk Caveat emptor is a reasonable approach for many consumer products.
The United States imposes a tax on the profits of US resident corporations up to a maximum rate of 35 percent. The corporate income tax is the third largest source of federal revenue, after the individual income tax and payroll taxes, and raised $343.8 billion in fiscal 2015. The United States taxes the profits of US resident corporations at graduated rates ranging from 15 to 35 percent.
Marginal corporate tax rates in Scandinavian countries are around the OECD average of 25 percent and much more competitive than the United Statesâ rate. Denmarkâs corporate income tax rate is 24.5 percent, Norwayâs general corporate income tax rate is 27 percent, and Sweden has a corporate tax rate of 22 percent.