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Translation and analysis of words by ChatGPT artificial intelligence
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excess profits tax - translation to English
TAX ON ANY PROFIT ABOVE A CERTAIN AMOUNT
Excess Profits Tax of 1950; Excess-Profits Tax; Excess profit tax; Excess profits
excess profits tax
excess profits tax налог на сверхприбыль
excess profits tax
общая лексика
налог на сверхприбыль
excess profits tax
налог на сверхприбыль
Definition
windfall tax
(also windfall profits tax)
¦ noun a tax levied on an unexpectedly large profit, especially one regarded to be excessive or unfairly obtained.
Wikipedia
Excess profits tax
In the United States, an excess profits tax is a tax on any profit above a certain amount. A predominantly wartime fiscal instrument, the tax was designed primarily to capture wartime profits that exceeded normal peacetime profits to prevent perverse incentives for manufacturers to engage in war profiteering and warmongering.
Examples of use of excess profits tax
1. Clinton said she plans to introduce legislation to create a strategic energy fund, largely paid for by an excess profits tax on big oil companies, who she noted earned a combined $113 billion in profits last year.
