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

See Examples For:

excess-profits tax

Similarly, while corporate earnings before taxes dropped at an annual rate of $5 billion, declining income-tax payments and the death of the excess-profits tax cut corporate taxes by almost the same amount.

From Time Magazine Archive

A company will have the privilege of choosing by which of two methods it wishes to have its excess-profits tax computed.

From Time Magazine Archive

Part of the money to equip her factories with the best foreign machinery will come from a steep excess-profits tax which may be avoided by putting twice the amount into government-issued "equipment certificates."

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

And, as I think I've told you before, the excess-profits tax seemed to me a singularly stupid piece of legislation—but I paid it.

From First Plays by Milne, A. A. (Alan Alexander)