A tax called the undistributed profits tax was enacted in 1936.
2.
Eli Lilly also will receive undistributed profits from the venture, Midland, Michigan-based Dow Chemical said.
3.
In that case, the reported consumption of fixed capital could contain an element of undistributed profit.
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The way the promoter paid the owners for undistributed profits was similar to a dividend strip operation.
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The purchase price includes a Dow Chemical payment of $ 900 million plus undistributed profits in the joint venture.
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Alongside, the undistributed profit, the biggest part of which belonged to Smart-Holding, was reinvested into the retailer ` s development.
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The purchase price includes a Dow Chemical payment of $ 900 million plus undistributed profits in the joint venture, the companies said.
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But from 1 July 1967 the law on undistributed profits tax changed and Francis Richards as constituted could no longer serve that purpose.
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At the time of Hugh Gaitskell's 1951 budget, the profits tax was 50 % for distributed profits and 10 % for undistributed profits.
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He did not discuss in any detail the difference between distributed and undistributed profit, or tax requirements, and how this might affect profit statements.
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