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What (who) is undistributed profit tax - definition
Profits tax in Hong Kong; Profit tax
Profits tax
In Hong Kong, profits tax is an income tax chargeable to business carried on in Hong Kong. Applying the territorial taxation concept, only profits sourced in Hong Kong are taxable in general.
Undistributed profits tax
1936-39 U.S. FEDERAL TAX ON CORPORATE RETAINED EARNINGS; PART OF THE NEW DEAL
The undistributed profits tax was enacted in 1936 by the United States administration of President Franklin D. Roosevelt (FDR), during the Great Depression.
income tax
![General government]] revenue, in % of GDP, from personal income taxes. For this data, the [[variance]] of GDP per capita with purchasing power parity (PPP) is explained in 27 % by tax revenue](https://commons.wikimedia.org/wiki/Special:FilePath/GDP per capita PPP vs PIT 2016.svg?width=200 "General government]] revenue, in % of GDP, from personal income taxes. For this data, the [[variance]] of GDP per capita with purchasing power parity (PPP) is explained in 27 % by tax revenue")
![Payroll]] and income tax by OECD Country in 2013](https://commons.wikimedia.org/wiki/Special:FilePath/Payroll and income tax by country.png?width=200 "Payroll]] and income tax by OECD Country in 2013")
TAX IMPOSED ON INDIVIDUALS OR ENTITIES (TAXPAYERS) THAT VARIES WITH RESPECTIVE INCOME OR PROFITS (TAXABLE INCOME)
Income Tax; Income taxes; Personal income tax; Personal Income Tax; Personal income taxes; IRPEF; Income taxation; Income Taxes; Individual income tax; Criticisms of income taxation; Personal profit tax; Personal tax; History of income taxes
(income taxes)
Income tax is a certain percentage of your income that you have to pay regularly to the government.
N-VAR
Wikipedia
Profits tax
In Hong Kong, profits tax is an income tax chargeable to business carried on in Hong Kong. Applying the territorial taxation concept, only profits sourced in Hong Kong are taxable in general. Capital gains are not taxable in Hong Kong, although it is always arguable whether an income is capital in nature.
The persons chargeable to profits tax includes corporations, partnerships, trustees, and sole proprietors.
