Profits
31Windfall profits tax — A windfall profits tax is a higher tax rate on profits that ensue from a sudden windfall gain to a particular company or industry. United StatesIn 1980, the United States enacted the Crude Oil Windfall Profit Tax Act (P.L. 96 223) as part of a… …
32excess-profits tax — /ek ses prof its/ a tax on the profits of a business enterprise in excess of the average profits for a number of base years, or of a specified rate of return on capital. [1910 15] * * * ▪ finance a tax levied on profits in excess of a… …
33mesne profits — n pl: profits (as from crops) earned by one in wrongful possession of property the rightful owner sued for mesne profits Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. mesne …
34Account of profits — An account of profits (sometimes referred to as an accounting for profits or simply an accounting ) is a type of equitable remedy most commonly used in cases of breach of fiduciary duty. [Black s Law Dictionary, 7th ed. 1999] It is an action… …
35Mesne profits — Mesne (pronounced mean ) profits are sums of money paid for the occupation of land to a person with right of immediate occupation, where no permission has been given for that occupation.[1][2] The concept is feudal in origin, and common in… …
36Net Profits Interest — A percentage that is paid out of the working interest owner s share of net profits. This is a non operating interest that may be created when the owner of a property typically an offshore oil and gas property leases it out to another party for… …
37Windfall Profits — Huge profits that occur unexpectedly due to fortuitous circumstances. Such profits are generally well above historical norms and may occur due to several factors such as a price spike or supply shortage that are either temporary in nature or may… …
38excess profits tax — Tax levied on profits which are beyond the normal profits of a business and generally imposed in times of national emergency such as war to discourage profiteering. The Internal Revenue Code also imposes a tax on corporations who accumulate an… …
39excess profits tax — Tax levied on profits which are beyond the normal profits of a business and generally imposed in times of national emergency such as war to discourage profiteering. The Internal Revenue Code also imposes a tax on corporations who accumulate an… …
40Undistributed profits tax — The Undistributed Profits Tax was enacted in 1936 by the United States administration of President Franklin D. Roosevelt (FDR), during the Great Depression . The UP Tax was a revenue program for FDR s New Deal. The act was… …
