Can you have a negative corporate tax rate?

Yes, a negative corporate tax rate can occur when a company receives more tax benefits or credits than it owes in taxes, resulting in a net credit. This situation often arises due to significant tax deductions, losses carried forward from previous years, or incentives for research and development. While it is technically possible, a negative tax rate does not mean the company is exempt from taxes; rather, it indicates that it may receive a refund or credit from the government.