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corporation income tax (H2)<br />A major tax used by the US federal government for raising revenue. To avoid its constitutionality being challenged in the courts, it was levied as an excise on the privilege of doing business as a corporation. Until 1941, it raised more revenue than the INDIVIDUAL INCOME TAX. The tax is paid in two instalments in the first six months of the year following the tax year in which a corporation's income arises.
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Granger causality (C1)<br />A statistical technique which uses phase correlations between two variables to predict future values of one of the variables. A popular use of this has been in correlating GDP and stock market prices.
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