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Meaning of "excess profits tax" in the English dictionary

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DICTIONARY
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PRONUNCIATION OF EXCESS PROFITS TAX

excess profits tax  [ˈekses ˈprɒfɪts tæks] play
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GRAMMATICAL CATEGORY OF EXCESS PROFITS TAX

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Excess profits tax is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES EXCESS PROFITS TAX MEAN IN ENGLISH?

Excess profits tax

In the United States, an excess profits tax is a tax, some say excise tax, on any profit above a certain amount. A predominantly wartime fiscal instrument, the tax was designed primarily to capture wartime profits that exceeded normal peacetime profits. In 1863 the Confederate congress and the state of Georgia experimented with excess profits taxes, perhaps, the first time it has happened in American history. The first effective national excess profits tax was enacted in 1917, with rates graduated from 20 to 60 percent on the profits of all businesses in excess of prewar earnings but not less than 7 percent or more than 9 percent of invested capital. In 1918 a national law limited the tax to corporations and increased the rates. Concurrent with this 1918 tax, the federal government imposed, for the year 1918 only, an alternative tax, ranging up to 80 percent, with the taxpayer paying whichever was higher. In 1921 the excess profits tax was repealed despite powerful attempts to make it permanent. In 1933 and 1935 Congress enacted two mild excess profits taxes as supplements to a capital stock tax.

Definition of excess profits tax in the English dictionary

The definition of excess profits tax in the dictionary is a tax on profits exceeding a certain amount.

WORDS THAT RHYME WITH EXCESS PROFITS TAX


after-tax
ˈɑːftəˌtæks
before-tax
bɪˈfɔːˌtæks
eco-tax
ˈiːkəʊtæks
Eurotax
ˈjʊərəʊˌtæks
morphosyntax
ˌmɔːfəʊˈsɪntæks
nontax
ˈnɒnˌtæks
overtax
ˌəʊvəˈtæks
pre-tax
ˌpriːˈtæks
retax
ˌriːˈtæks
stacks
stæks
surtax
ˈsɜːˌtæks
syntax
ˈsɪntæks
tax
tæks

WORDS THAT BEGIN LIKE EXCESS PROFITS TAX

exceptless
exceptor
excerpt
excerpter
excerptible
excerptings
excerption
excerptor
excerptum
excess
excess baggage
excess capacity
excess demand
excess employment
excess luggage
excess supply
excesses
excessive
excessively
excessiveness

WORDS THAT END LIKE EXCESS PROFITS TAX

capital gains tax
carbon tax
council tax
death tax
departure tax
excise tax
green tax
income tax
inheritance tax
payroll tax
profits tax
property tax
purchase tax
road tax
sales tax
transfer tax
value-added tax
visitor´s tax
wealth tax
withholding tax

Synonyms and antonyms of excess profits tax in the English dictionary of synonyms

SYNONYMS

Translation of «excess profits tax» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF EXCESS PROFITS TAX

Find out the translation of excess profits tax to 25 languages with our English multilingual translator.
The translations of excess profits tax from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «excess profits tax» in English.

Translator English - Chinese

超额利润税
1,325 millions of speakers

Translator English - Spanish

impuesto sobre el exceso de beneficios
570 millions of speakers

English

excess profits tax
510 millions of speakers

Translator English - Hindi

अतिरिक्त लाभ कर
380 millions of speakers
ar

Translator English - Arabic

ضريبة الأرباح الزائدة
280 millions of speakers

Translator English - Russian

налог на сверхприбыль
278 millions of speakers

Translator English - Portuguese

lucros excessivos fiscal
270 millions of speakers

Translator English - Bengali

অতিরিক্ত মুনাফা ট্যাক্স
260 millions of speakers

Translator English - French

impôt sur les bénéfices excédentaires
220 millions of speakers

Translator English - Malay

Cukai keuntungan yang berlebihan
190 millions of speakers

Translator English - German

Übergewinnsteuer
180 millions of speakers

Translator English - Japanese

超過利潤税
130 millions of speakers

Translator English - Korean

초과 이윤 세금
85 millions of speakers

Translator English - Javanese

Keluwihan pajak bathi
85 millions of speakers
vi

Translator English - Vietnamese

thuế lợi tức vượt quá
80 millions of speakers

Translator English - Tamil

அதிக இலாபம் வரி
75 millions of speakers

Translator English - Marathi

अतिरिक्त नफा कर
75 millions of speakers

Translator English - Turkish

Fazla kazanç vergisi
70 millions of speakers

Translator English - Italian

imposta sugli utili in eccesso
65 millions of speakers

Translator English - Polish

Podatek nadmiar zyski
50 millions of speakers

Translator English - Ukrainian

податок на надприбуток
40 millions of speakers

Translator English - Romanian

impozit pe profit în exces
30 millions of speakers
el

Translator English - Greek

φορολόγηση των κερδών
15 millions of speakers
af

Translator English - Afrikaans

oortollige winste
14 millions of speakers
sv

Translator English - Swedish

övervinster skatt
10 millions of speakers
no

Translator English - Norwegian

skytende overskudd skatt
5 millions of speakers

Trends of use of excess profits tax

TRENDS

TENDENCIES OF USE OF THE TERM «EXCESS PROFITS TAX»

The term «excess profits tax» is normally little used and occupies the 129.216 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Little used
40
/100
The map shown above gives the frequency of use of the term «excess profits tax» in the different countries.
Principal search tendencies and common uses of excess profits tax
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «excess profits tax».

FREQUENCY OF USE OF THE TERM «EXCESS PROFITS TAX» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «excess profits tax» during the past 500 years. Its implementation is based on analysing how often the term «excess profits tax» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about excess profits tax

EXAMPLES

10 ENGLISH BOOKS RELATING TO «EXCESS PROFITS TAX»

Discover the use of excess profits tax in the following bibliographical selection. Books relating to excess profits tax and brief extracts from same to provide context of its use in English literature.
1
Seidman's Legislative History of Federal Income and Excess ...
Cloth. $350. * Covering the years 1939-1954 in inverse chronology, a collection of the texts of United States congressional committee reports, Congressional Records, reports of hearings, and laws passed or rejected, relating to all of the ...
Jacob Stewart Seidman, 2003
2
The Encyclopedia of Taxation & Tax Policy
Congress enacted two different excess profits taxes during World War I. The War Act of 1917 levied an excess profits tax on both corporations and noncorporate businesses at graduated rates, from 20 to 60 percent. The normal return of each ...
Joseph J. Cordes, Robert D. Ebel, Jane Gravelle, 2005
3
War Excess Profits Tax Law: Imposed by the War Revenue ACT, ...
This is a reproduction of a book published before 1923.
United States, 2012
4
Excess Profits Tax Manual ...
This is a reproduction of a book published before 1923.
National Bank of Commerce in New York, United States Internal Revenue Service, 2011
5
The Federal Income Tax
THE CRUSADE AGAINST THE EXCESS-PROFITS TAX Both political parties paid passing tribute to the tax situation in long platforms adopted in the summer of 1920. The Republicans called for a more just and simple system of taxation ; the ...
Roy Gillispie Blakey, Gladys C. Blakey, 2006
6
The Code of Federal Regulations of the United States of America
The Code of Federal Regulations is the codification of the general and permanent rules published in the Federal Register by the executive departments and agencies of the Federal Government.
7
Public Finance: XA-GB. ...
The yield of a general sales tax may increase, if the base of that tax includes, as it commonly does, import duties. C. OTHER TAXES, AND PARA-TAXES 1. Other Taxes A. EXCESS PROFITS TAX An excess profits tax is a tax on profits created ...
Carl S. Shoup, 1969
8
Statistical Abstract of the United States
__ 2,549 10,795 17,317 21,741 21,866 23,097 25,193 26,538 Income tax 3 ______ __ _ __ 2, 144 4, 183 15,929 21. 741 21, 866 23, 097 25, 193 26. 538 Excess profits tax. ______ __ 405 6, 612 1, 387 (X) (X) ...
9
From Obstruction to Moderation: The Transformation of Senate ...
Spurred by Harrison's leadership and the desire to aid business, in early April the Senate approved a revenue bill that eliminated the House's modified version of the excess profits tax in favor of a flat 1 8% tax on corporate net income ...
John William Malsberger, 2000
10
Failure of U. S. Tax Policy: Revenue and Politics
summer, Congress enacted the excess profits tax pursuant to a second Revenue Act of 1940. The excess profits tax was designed to tax profits attributable solely to the defense buildup.107 After his landslide victory in the 1940 election, ...
Sheldon D. Pollack, 2010

10 NEWS ITEMS WHICH INCLUDE THE TERM «EXCESS PROFITS TAX»

Find out what the national and international press are talking about and how the term excess profits tax is used in the context of the following news items.
1
How much do the gas developers really earn?
... gas profits is derived from three elements: 12% royalties on revenue from the sale of gas at the wellhead, an excess profits tax (Sheshinski), ... «Globes, Jul 15»
2
Dan White: Michael Noonan must hit the banks with profit tax to …
What the Government should do before the Dail breaks up for the summer is to introduce a new mortgage excess profits tax. This would restrict ... «Herald, Jul 15»
3
Greek Debt at 11th Hour: The Troika's 'Carrot and Stick'
The corporate tax rate would be raised from 26 percent to 29 percent, and an excess profits tax of 12 percent on businesses earning more than ... «teleSUR English, Jun 15»
4
Classic Ben Graham Lecture Series - Current Problems In Security …
This is the only corporation I know of that, on the strength of filing that claim, does not show its excess profits tax as a current liability. They also ... «GuruFocus.com, Jun 15»
5
Dogma meets reality in Israel's natural gas market
Some of the revenues (companies tax and royalties) will be swallowed up by the budget, while others (Sheshinski's excess profits tax) will pass ... «Globes, May 15»
6
Research and Markets: Kazakhstan's Mining Fiscal Regime: H2 …
... useful minerals, excess profits tax, corporate income tax, capital gains tax, land tax, social (payroll) tax, vehicle tax, deductions, depreciation, ... «Business Wire, Apr 15»
7
Lapid might have prevented Israel Chemicals layoffs
There is no connection between excess profits tax and layoffs." Published by Globes [online], Israel business news - www.globes-online.com ... «Globes, Feb 15»
8
EU tax probe widened to Belgium
... tax advantages that distort competition. But the Commission said that, on the face of it, Belgium's excess profits tax regime did just that. «BBC News, Feb 15»
9
Walter Schloss – Part Eight: Graham-Newman
The large asset base let many secondary companies earn good money in the war years, the excess profits tax didn't apply to them and stocks ... «ValueWalk, Jan 15»
10
Some Taxation Issues In The Oil And Gas Industry
Excess profits tax ('EPT') is a tax on that part of the net profit, which is recognised as excess profits because it significantly exceeds the income ... «Mondaq News Alerts, Nov 14»

REFERENCE
« EDUCALINGO. Excess profits tax [online]. Available <https://educalingo.com/en/dic-en/excess-profits-tax>. Apr 2024 ».
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