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.
It is a tax collected from companies and the amount is based on the net income obtained by the companies while performing their usual activity within one business year. Switzerland has a low federal corporate tax rate. The federal corporate tax rate is Switzerland is only 8.5 percent. However, if the cantonal and municipal taxes are included, the rate can reach up to 21.2 percent, in comparison to a 30 percent rate in Germany and a 25.5 percent in Netherlands.