What is EXCESS PROFITS TAX?

a form of income tax that is calculated on the profits that are greater than a percentage of the invested capital.

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Related Legal Terms
ENDOWMENT INSURANCE WITH PROFITS, CAPITALIZATION OF PROFITS, PERNOR OF PROFITS, MICRO-PROFITS, PROFITS, UNDIVIDED PROFITS, ACCOUNT OF PROFITS, ACCUMULATED PROFITS TAX, ENDOWMENT POLICY WITH PROFITS, EXCESS CASH


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