According to the press release, the Commission takes the view that multinational companies that received an excess profit
tax ruling were given an unfair competitive tax advantage over their stand-alone domestic competitors.
law allows taxpayers to claim a credit for foreign income, war profits, and excess profits
taxes paid or accrued.
While we do not expect an excess profit
tax to be widely introduced in the next twot othree years, that the government is even considering this approach is positive, in our view.
The excess profits
tax and the wartime hikes in corporate income tax rates were considered serious threats to the economy's postwar recovery.
For several of the drugs, the excess profits
Line 1 of Schedule H (Current Earnings and Profits) currently requires taxpayers to submit the "[c]urrent year net income or loss before any reduction for any income, war profits, and excess profits
GRAFTON - Town officials are seeking $51 million in damages from developers of Hilltop Farms, a 256-unit affordable town house condominium development, for allegedly hiding $17 million in excess profits
that should have been paid to the town under the state Chapter 40B comprehensive permit law.
This is extra excess profit
for those companies that are greedy, and don't need that extra profit.
They're squeezing $20 million a day out of the California market in excess profit
because of how much more they're making over their normal profit.
Any excess profit
must be paid to the federal government.
The Kyrgyz government plans to levy excess profit
tax as part of its Safety and Decent Life Project, the Prime Minister said.
The special meeting is being postponed in order to give AmCOMP additional time to address the issues raised by the Notice of Intent to Issue Order to Return Excess Profit
(the "Notice") from the Florida Office of Insurance Regulation ("FOIR"), the receipt of which was previously reported.
Firstly they moan because excess profit
is being used to enhance public transport, which I firmly believe there would be no grumbles about if the tram were on their side of the water and now we hear of them objecting to yet another scheme which isn't even within their council boundary.
He also told the committee that the index-linked tolling deal meant that the financiers, the Bank of America, would collect pounds 100million in excess profit
However, all four bank chiefs denied they were making an excess profit
, arguing they had to cover high costs of capital.