Do I have to pay corporate taxes on my business profits if I reinvest 100 % of the profits back into the business ? What if my starup lost $ 20,000 the previous year then made $ 100,000 this year in profit ; tax $ 80,000 ?
If a person in the UK imports # 1,000,000 worth of goods from China and pays # 100,000 taxes for duty , can the # 9,000,000 that he makes from the profit go into a normal bank account without paying any extra -LRB- income -RRB- taxes ? Or is this considered a job ?