Accumulated profits tax

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Accumulated profits tax

A tax on earnings retained in a firm as a way for the principals to defer personal income taxes.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Accumulated Profits Tax

A tax on the profits of a company. Owners of a company sometimes pay accumulated profits taxes as a way to reduce their personal income tax liabilities. See also: Corporation tax.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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