excess profits tax

A tax levied on profits that are beyond a business’s normal profits.

• This type of tax is usu. imposed only in times of national emergency (such as war) to discourage profiteering. [Cases: Internal Revenue 4130–4136. C.J.S. Internal Revenue § 670.]

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译者Clara，毕业于国内知名法学院，擅长翻译各种与衍生工具相关的法律文件。