In 1979, President Carter succeeded in convincing Congress to pass the incredibly wrong-headed Windfall Profit Tax, possibly the worst energy-related policy decision in American history.
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It will charge only 15% corporate-profit tax and levy no income taxes on the finance professionals, lawyers, accountants and creative people it hopes eventually to attract.
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But on June 22 Tung Chee-hwa, the post-colonial ruler, announced an economic reform package, It included tax and rate rebates, a profit-tax exemption for companies, and measures to help the property market.
However, it would also give Clydesdale Bank the right to receive 50% of the firm's profit after tax.
After completion, Pearson will report its 47% share of profit after tax from the joint venture as an associate in its consolidated income statement.
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So Maine would not have any corporate profit to tax and would not have any claim on the salaries since the guys were working in New Hampshire.
This is the measure of output (taken as operating profit after tax and some other adjustments) less input (taken as the annual rental charge on the total capital employed, both debt and equity).
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Then it breaks into profit: should we tax purely that profit when it finally arrives or should they be allowed to carry forward those losses to offset against the profits?
In the UK dividends are paid out of post tax profit, as in the US. However, that tax that had been paid on the corporate profits becomes, to the dividend recipient, a tax credit.
And yet a study by the Tax Foundation, a not-for-profit, nonpartisan tax research group, concludes that if the goal is better economic growth, higher employment and increased domestic investment, cutting corporate taxes is the way to go.
DIW, a Berlin economics institute, some tax on distributed profit now shows up as income tax (paid by shareholders) instead of corporation tax.
Most other countries either tax the profit at the corporate level and then dividends are tax free, or dividends are distributed tax free at the corporate level and then taxed at the usual individual income tax rates.
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That compares with a 39m euro pre-tax profit in the same period last year.
However, the underlying pre-tax profit at its banking operations fell 72% to 184m euros.
Back in 2010, Gorman told investors the goal was a 20% pre-tax profit margin.
It has grown after tax profit ( NOPAT) by 4% compounded annually for the past 13 years.
The company has grown after tax profit ( NOPAT) by 10% compounded annually for the past 13 years.
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Operating pre-tax profit in the wealth management business was the highest in the bank's history, said Mr Gorman.
To justify this price, the company must grow after-tax profit ( NOPAT) by 6% for the next 14 years.
Since 1998, it has grown after-tax profit ( NOPAT) by 8% compounded annually.
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Last year Morgan lowered its pre-tax profit margin goal for the unit to 15% for the middle of 2013.
It said pre-tax profit rose 7% to 6.7bn euros in 2012 from the previous year, despite higher food and energy costs.
In 2012 sales dipped 2.5%, but with some rigorous cost-cutting the company has managed to post a 12% jump in pre-tax profit.
To justify its current share price, Zale would have to grow after-tax profit ( NOPAT) by 4% compounded annually for the next nine years.
Overall revenues for the quarter ending September were virtually unchanged at 1.789 trillion yen and Sony left its full year pre-tax profit forecast unchanged at 310bn yen.
Out of that post-tax profit the company then retains some earnings to further invest in the business and then pays the rest to the shareholders as dividends.
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College sports are a non-profit endeavor in tax-code language only.
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This acquisition spending does not appear to be aiding growth in the way management hoped, as PX saw after-tax profit ( NOPAT) increase by a paltry 2.6% in 2012.
Also, Morgan Stanley was ahead of its peers by attaching long-term performance criteria to the vesting of stock options based on ROE, TSR, and Pre-tax Profit measures over three years.
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