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.]


专业法律词汇 词条贡献者
双语律师郭敏,国际知名商学院金融专业,擅长翻译各类与金融衍生品与结构化产品相关的法律文件。
Scroll to Top