Corporate taxes are fees that businesses, or corporations, must pay to the government based on their profits. When a company earns money, a portion of that income is taxed, which helps fund public services like schools, roads, and healthcare. The tax rate can vary depending on the country and the size of the business. These taxes are important because they ensure that corporations contribute to the economy and society. However, some companies may try to reduce their tax burden through various strategies, such as deductions or credits, which can lead to debates about fairness and the role of tax policy in business.