excess-profits tax

American  

[ek-ses prof-its] / ˈɛk sɛs ˈprɒf ɪts /

noun

1. 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.

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Etymology

Origin of excess-profits tax

First recorded in 1910–15

Example Sentences

But why, asked Fulbright, did G.M. not cut its prices when the excess-profits tax expired?

From Time Magazine Archive

Sales of $2.6 billion were 7% below record 1953, but net earnings, helped by the death of the excess-profits tax, reached $236 million, up 47% from a year ago and second highest in company history.

From Time Magazine Archive

They put in a movement for the excess-profits tax for the manufacturers, which in our shops saved them $200,000 in this last year.

From Time Magazine Archive

The death of the excess-profits tax, easy money, and the prospect of continued fat dividends as well as lower taxes on them�have also made stocks look like better buys.

From Time Magazine Archive

Retorted Engineers: yes, but it would also slash their excess-profits tax base, thus boost taxes and hamstring earnings.

From Time Magazine Archive