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Profits Tax

   Also found in: Dictionary/thesaurus, Wikipedia 0.01 sec.
Profits Tax
A term for the corporate tax in Hong Kong.


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In the wake of the decision by William Hill and Ladbrokes to relocate their internet operations to Gibraltar, where gross profits tax on UK horseracing will not apply, BHA chairman Paul Roy, Racehorse Owners' Association president Paul Dixon and Ian Barlow, chairman of the Racecourse Association, will press for a reassessment of the budget passed in July.
Assemblywoman Sheila Leslie, a Reno Democrat and vice chairwoman of the powerful Ways and Means Committee, said the regressivity of the tax structure is a concern of hers, which is why shes pushing a net profits tax on business.
3 billion) in exceptional profits tax, paid by foreign companies," he underlined at a conference at El Moudjahid Forum.
 
 
 
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