Similarly, he said tax on undistributed profit
and bonus shares should also be removed.
According to the agreement, each Target Company would distribute not less than 30% but not more than 50% of its undistributed profit
to its shareholders as dividends each year.
We need to prevent all speculations that you will probably hear from the government that there is undistributed profit
here," stated in turn another BSP MP, Dimcho Mihalevski.
The bank's management forecasts that this year undistributed profit
will be sufficient to guarantee crediting growth and retain acceptable capital adequacy ratios.
4m) of undistributed profit
on dividends, the Russian bank said in documents Prime saw on Wednesday.
In previous years, however, the insurer set aside part of its income as undistributed profit
and the dividend could be paid out of its retained earnings.
When projecting the budget 2010, the Government said it would continue implementing the system of calculating profit tax whereby tax payers are freed of the responsibility to pay tax based on undistributed profit
Although the 1864 Act had imposed both a gross receipts tax and a dividends and undistributed profit
tax on businesses operating in certain industries, these businesses ostensibly were not specifically targeted because of their corporate status.
Nanda, 1994, "Free Cash Flow, Shareholder Value, and the Undistributed Profit
Tax of 1936 and 1937," Journal of Finance (December), 1727-1754.
Despite these costs, Bulgarian banks managed to generate a profit, which added to the undistributed profit
for 2010 and "strengthened the capacity of the system and of individual banks to offset the negative impact of the deteriorating loan portfolio," the central bank said.
In the first half of 2013, the summary undistributed profit
of the Armenian banking system amounted to 20.
Last year, when PNP was consolidated, funds from continuing operations included undistributed profit
and adjustments for PNP's non-cash items of $2,864,000.