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profits are in excess of/es
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excess-profits tax — noun : a tax imposed especially during war on business profits that are in excess of the average profits over a specified base period, of a specified rate of return on invested capital, or of a specified rate of return on certain military… … Useful english dictionary
excess-profits tax — /ek ses prof its/ a tax on the profits of a business enterprise in excess of the average profits for a number of base years, or of a specified rate of return on capital. [1910 15] * * * ▪ finance a tax levied on profits in excess of a… … Universalium
Excess Profits Tax — A special tax that is assessed upon income beyond a specified amount, usually in excess of a deemed normal income. Excess profit taxes are primarily imposed on some businesses during a time of war or other emergency, or beyond a certain amount of … Investment dictionary
Excess burden of taxation — Taxation An aspect of fiscal policy … Wikipedia
excess profits tax — Tax levied on profits which are beyond the normal profits of a business and generally imposed in times of national emergency such as war to discourage profiteering. The Internal Revenue Code also imposes a tax on corporations who accumulate an… … Black's law dictionary
excess profits tax — Tax levied on profits which are beyond the normal profits of a business and generally imposed in times of national emergency such as war to discourage profiteering. The Internal Revenue Code also imposes a tax on corporations who accumulate an… … Black's law dictionary
excess — 01. Vitamins are important for our health, but an [excess] can cause serious health problems. 02. He has starting jogging in an effort to get rid of a little [excess] weight. 03. After cooking the chicken, pour off any [excess] liquid in the pan … Grammatical examples in English
excess profits tax — /ˌekses prɒfɪts tæks/ noun a tax on profits which are higher than what is thought to be normal … Dictionary of banking and finance
Windfall profits tax — A windfall profits tax is a higher tax rate on profits that ensue from a sudden windfall gain to a particular company or industry. United StatesIn 1980, the United States enacted the Crude Oil Windfall Profit Tax Act (P.L. 96 223) as part of a… … Wikipedia
monopoly and competition — ▪ economics Introduction basic factors in the structure of economic markets.In economics monopoly and competition signify certain complex relations among firms in an industry. A monopoly implies an exclusive possession of a market by a… … Universalium
income tax — a tax levied on incomes, esp. an annual government tax on personal incomes. [1790 1800] * * * Levy imposed by public authority on the incomes of persons or corporations within its jurisdiction. In nations with an advanced system of private… … Universalium