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 (income) taxes? Or is this considered a job?