Profits Tax


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Related to Profits Tax: excise tax

Profits Tax

A term for the corporate tax in Hong Kong.
References in periodicals archive ?
Havenstein's challenger in the 2014 Republican primary, Andrew Hemmingway, has also announced an economic plan centered on the state's business profits tax.
windfall profits tax on utilities that were privatized and price regulated.
Northern state of Schleswig-Holstein the odd one out, proposing greater liberalisation of online sports, poker and casino betting, and 20 per cent gross profits tax.
Executive Director Dr Richard Denniss said, "Australian consumers overwhelmingly support the consideration of a banking super profits tax.
Srivastava said branch profits tax is expected to make the payment of tax by foreign companies more transparent.
The revenue generated from the Resources Super Profits Tax will free up funds in the Federal Government's consolidated revenue for health.
While the shift in leadership is unlikely to cause any big shift in government policy over the near-term, the removal of Rudd may bolster hopes for the removal of the poorly received Resource Super Profits Tax," said a report on Action Economics.
Initial plans levy on financial transactions but it is not believed that the IMF is giving serious consideration to that and is now said to be looking at two central tax recommendations - the excess profits tax and a balance sheet tax that has been proposed by Barack Obama's administration and already implemented in Sweden.
This work explains background, history, rationales, policy and economic contexts, and consequences of bills introduced in Congress to impose a windfall profits tax on oil--that is, a tax on oil industry income that is due primarily to rising crude oil prices, not new production or investment.
The Algerian energy minster, Chakib Khelil, says he's still waiting for international oil companies' reaction to the proposed new law introducing the windfall profits tax on oil, along with a move to give the state-owned oil firm Sonatrach a 51% interest in their contracts.
While a windfall-profits tax conceivably might be defensible in certain circumstances in the oil and gas industry, Ivanhoe Mines is unaware of any country imposing an excess, or windfall, profits tax on the highly cyclical mining industry.
The branch profits tax (10) is an example of a provision directed at achieving this latter type of neutrality.