accumulated earnings tax

A penalty tax imposed on a corporation that has retained its earnings in an effort to avoid the income-tax liability arising once the earnings are distributed to shareholders as dividends.

— Also termed undistributed-earnings tax. [Cases: Internal Revenue 3843–3845. C.J.S. Internal Revenue §§ 381–382.]

---

词条贡献者

双语律师Roger，毕业于一所培养最顶级翻译人才的语言学院，擅长翻译各类与商业秘密咨询与诉讼相关的法律文件。