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 ?
Introducing a two-tiered profits tax rates regime will reduce the tax burden on enterprises, especially small and medium enterprises (SMEs) and startup enterprises.
In certain situations, a branch profits tax may also be imposed on gain derived from certain direct or indirect dispositions of assets of a foreign corporate parent, which may result in the unintended double taxation of income of foreign persons.
Havenstein's challenger in the 2014 Republican primary, Andrew Hemmingway, has also announced an economic plan centered on the state's business profits tax.
Kinross President and CEO Tye Burr responded that while the negotiations were confidential, the company was hoping to find some ways to mitigate the impact of the windfall profits tax and of the other taxes and royalties.
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.
An excess profits tax would effectively act as a charge on bank cashflow - thought to be a way to raise significant amounts from banks without distorting the financial system.
Newspaper reports said an excess profits tax would effectively act as a charge on bank cashflow - thought to be a way to raise significant amounts from banks without distorting the financial system.
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.