Obama said a windfall profits tax would ease the burden of energy costs on working families.
Barack Obama, supports the repeal of oil company tax breaks and a windfall profits tax.
It is subject to the federal corporate profits tax on any profits that it makes.
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Then, during his first term, he plans to trim the corporate profits tax from 6.5% to 4.4%.
First, corporate profits are subject to the corporate profits tax, some 35% currently as the headline rate.
The Revenue Act of 1945 repealed an excess profits tax, and reduced income and corporate tax rates.
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New Hampshire has an interest and dividends tax, a business profits tax and business enterprise value tax.
Of course, we should also slash our profits tax, which is the second highest in the developed world.
At its peak, the excess profits tax ran to 90% for the Robber Barons who didn't complain too vociferously.
Something more punitive is likely as well, for instance a windfall profits tax on oil, and maybe other industries.
He wants to slash profits tax from 30% to 15%, in part to lure back Icelandic companies registered offshore.
Mr Brickman of Cardozo School of Law is lobbying Congress to impose an excess-profits tax on the lawyers' fees.
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Hong Kong has no general income tax, only a salaries tax, a corporate-profits tax and its equivalent of a property tax.
The modern implication of it is just that shareholders will always bear some part of the burden of the corporate profits tax.
On April 10th, the Tories said that Labour was also refusing to be specific on its proposed windfall-profits tax on the utilities.
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Put a 90% excess profits tax on all short-sales for 12 months.
In an expansionary budget containing goodies for almost every industry, the government has imposed a windfall-profits tax on producers of palm oil.
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The government tried to plug the dike with the retained profits tax, which goaded companies into getting cash off their books via dividends.
He wants a windfall profits tax on oil, to go along with the new taxes he also plans for coal and natural gas.
McCain argues that a windfall profits tax will only increase the country's dependence on foreign oil and be an obstacle to domestic exploration.
Comparing profits tax paid to turnover for example, not to profits?
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Obama's plan for relief includes putting a windfall profits tax on oil companies, using the proceeds to help Pennsylvania families pay their heating and cooling bills.
Ostensibly, a shift towards a gross profits tax relieves the operators of having to apply for Amusement Machine Licence Duty licences and having to account for VAT on their takings.
They want to bar oil companies from being eligible for the tax reduction enacted to benefit manufacturers: a cut in the corporate profits tax from 35% (just about the world's highest) to 32%.
Preti would presumably have to pay NH business profits tax on some of its revenue, but the Maine partners would get a credit for that and the deemed compensation deduction would minimize it.
These come from various sources, mostly land sales (the government auctions long leases), land-use premiums that are negotiated between developers and government, and profits tax from property developers and banks, whose main business is property.
The government will find it easier to plump for Ms Barker's less controversial recommendations, such as a windfall profits tax on land developers, encouraging greater competition among housebuilders and dealing with the skills shortage in construction.
Early on, it did not help that her first policy pronouncements were to signal a retreat from Kevin Rudd's mining super profits tax, which made her look weak, and to ditch her predecessor's "Big Australia" policy, which went down well with the tabloids but seemed indicative of a lack of national ambition.
"Minerals Resource Rent Tax (MRRT) is a profits-based tax that raises more revenue when profits are higher and less when they are lower, " he explained.
After tax, their stocks are less attractive than companies that use their profits more tax efficiently for shareholders, but if they reduce their coveted dividend, they break their long dividend history and all of the financial products that hyped high dividends have to sell their stock.
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