●Corporate income tax The tax levied on the accounting profit of corporations. ●Investment tax credit(投资税减免) A provision()of the corporate income tax that reduces a firm's tax when it buy new capital goods. ⚫ Corporate income tax The tax levied on the accounting profit of corporations. ⚫ Investment tax credit(投资税减免) A provision(规定)of the corporate income tax that reduces a firm’s tax when it buy new capital goods