BNET Business Dictionary
Business Definition for: Excess Profits Tax
- a tax levied by a government on a company that makes extraordinarily large profits in times of unusual circumstances, for example, during a war. An excess profits tax was imposed in both the United States and the United Kingdom during World War II.
Additional Resources
- Kazakh parliament approves new tax on oil investors
- ALMATY AFP ? Kazakhstan's lower house of parliament has approved new oil export taxes likely to be seen as an extra squeeze on foreign investors considering new projects in the country, media in the ex-Soviet republic said on Saturday. The legislation establishes a flexible export taxation system pegged to...
- Research articles 2003-11-22
- Vestas attacks UKâ??s planning system as it posts 34% fall in profits
- 18-08-09 Danish-based wind turbine manufacturer Vestas, which last week closed two UK operations with the loss of 425 jobs, saw its year-on-year profits drop by 34% in the second quarter of 2009, it revealed today (August 18). The company, which is one of the world's largest manufacturers of wind operating...
- News items 2009-08-18
- Accounting Outsourcing Is Here To Save You From Tax Related Problems
- Are you stuck up with the overload of work related to tax calculating? Then it is the right time to opt for outsourcing services that are being offered to accounting firms. Everybody likes to lessen work burden because you have to pay attention to each and every part of your...
- White papers 2006-12-19
- The Market Meet its Match: Restructuring the Economies of Eastern Europe
- The authors rightly argue that "shock therapy" decreased real wages and led to a reduction in demand, which, in turn, prevented capital formation. While shock therapy was intended to eliminate price differentials with international markets and excess supply of money, the outcome was a fall in consumption, profits, tax revenues,...
- Research articles 1996-03-01
- Utilities keeping the noise down
- Stock performance is likely to be mixed this week as investors wade through a flood of company earnings. Fiscal 1997 earnings from the likes of United Utilities, Anglian Water and engineering group Siebe could also give London's FT-SE 100 Index the impetus to climb to record highs. United...
- Research articles 1997-05-25
- Non-profit lottery pledge `is about to be ditched'
- THE GOVERNMENT faces a revolt amid claims that it has ditched a manifesto commitment to award the lottery to a non-profit operator. As the National Lottery Commission officially invited bids for the contract from 2001, The Independent has learned that a profit-making company such as Camelot could...
- Research articles 1999-12-01
- Wipro Q1 2007 Earnings Call Transcript
- Question-and-Answer SessionOperator Operator Instructions And our first question this morning comes from the line of Joseph Foresi with Janney Montgomery Scott. Please go ahead. Joseph Foresi - Janney Montgomery Scott Hello guys, a nice job here at sort of a difficult quarter. My first question is your competitors have...
- Earnings calls 2007-07-19
- W. R. Berkley Corp. Q3 2007 Earnings Call Transcript
- Question-and-Answer SessionOperator [Operator Instructions]. And we'll take out first question from Josh Shanker with Citi. Joshua Shanker - Citigroup Good morning everyone. William R. Berkley - Chairman and Chief Executive Officer Good morning Josh. Joshua Shanker - Citigroup Three questions. The first...
- Earnings calls 2007-10-24
- Knight Capital Group, Inc. Q3 2007 Earnings Call Transcript
- Question-and-Answer Session Operator Yes sir. And thank you. The question-and-answer session will be conducted electronically. [Operator Instructions]. And we will take our first question from Chris Allen from Banc of America Securities. Please go ahead. Christopher J. Allen - Banc of America Hey guys. How...
- Earnings calls 2007-10-17
- Countrywide Financial Q2 2007 Earnings Call Transcript
- Question-and-Answer SessionOperator Operator Instructions Your first question comes from the line of Paul Miller from Friedman, Billings, Ramsey. Please go ahead. Paul Miller - Friedman, Billings, Ramsey Thank you very much. Angelo, you've been through a lot of these different cycles out there and this doesn't seems to be...
- Earnings calls 2007-07-24
- Odyssey Re Holdings Q1 2009 Earnings Call Transcript
- Question-and-Answer SessionOperator Thank you, sir. The question and answer session will being at this time. Operator Instructions. And we will go first to Doug Mewhirter with RBC Capital Markets. Doug Mewhirter - RBC Capital Markets Hi, good morning. The first question was about tax rate and relating you investment...
- Earnings calls 2009-05-01
- Madoff Victims: What Will They Get Back?
- Defrauded investors are on a mission to recover some of their $65 billion in phantom funds. At least they'll get a tax break. Bernard Madoff ...
- Articles 2009-07-24
- IRS eyeing new type of abuse involving bonds.(Internal Revenue Service)(Brief Article)
- The Service is eyeing a new type of abuse involving tax-exempts. It suspects municipalities are hiding the profits they get when proceeds of public-purpose tax-exempts are invested in higher-yielding securities. Issuers are required to rebate excess The Service is eyeing a new type of abuse...
- Research articles 2006-03-10
- Will KB Homes Restructure Its Debt?
- KB Homes is not out of the homebuilders' wilderness just yet. Chief executive Jeffrey Mezger admitted on the third-quarter earnings call that economic conditions continue to work against KB Homes, and the profit outlook for the builder remains negative going forward into 2010. In addition, although...
- Blog posts 2009-10-13
- Abbott Laboratories Q2 2007 Earnings Call Transcript
- Question-and-Answer SessionOperator Operator Instructions Our first question today is from Mike Weinstein. And please state your company name. Mike Weinstein - J.P. Morgan Thank you. It's J.P. Morgan. Excuse me, a couple questions if we could start-off. There was during this quarter, there was that Barron's article and there...
- Earnings calls 2007-07-18
- INTEC SYSTEMS: Major contracts for InterconnecT power outstanding first year for Intec Systems.
- M2 PRESSWIRE-18 November 1998-INTEC SYSTEMS: Major contracts for InterconnecT power outstanding first year for Intec Systems C1994-98 M2 COMMUNICATIONS LTD RDATE:171198 * First year revenues in excess of GBP 5million ($8.7 million); 10 pre-tax profits. * 1999 growth...
- Research articles 1998-11-18
- JUST HOW STRONG IS THE U.S. ECONOMY?
- David Rosenberg is a 20 year veteran of the Street, David most recently was Merrill Lynch's chief North American Economist, where he correctly warned about the Housing and Credit Collapse and Recession in advance. He is the Chief Economist of Canada's Gluskin Sheff > > What made things so interesting...
- News items 2009-10-28
- S Corporation passive income.
- This item examines the excess net passive income ENPI of S corporations. The ENPI tax is an easily overlooked concern with former C corporations that have elected S status. Under Sec. 1375a, S corporations with accumulated earnings and profits (E&P) and net passive investment income PII...
- Research articles 2004-12-01
- Cascal N. V. F1Q09 (Qtr End 06/30/08) Earnings Call Transcript
- Question-and-Answer Session Operator Thank you. The floor is now open for questions. Operator Instructions Thank you our first question is coming from Curt Woodworth with JP Morgan, please go ahead. Curtis Woodworth - JP Morgan Yes, hi good morning. Stephane Richer ...
- Earnings calls 2008-09-23
- Corniche Group announces its intention to acquire a major UK stationery retailer
- WAYNE, N.J.--BUSINESS WIRE--Oct. 2, 1995--Corniche Group Inc. (NASDAQ:FMSIC), formerly Fidelity Medical Inc. announced today that it has reached an understanding to acquire a retail stationery chain in the United Kingdom, in a transaction valued at approximately $14 million.The business to be acquired currently operates over 70 retail stationery stores throughout...
- Research articles 1995-10-02
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