Sentences with phrase «on corporate profits earned»

Companies are currently charged a 35 % tax on corporate profits earned in the United States, a level that many business leaders argue is excessive.

Not exact matches

It included cutting corporate income tax to 21 percent from 35 percent and a new territorial system that exempts U.S. corporations from U.S. taxes on most future profits, ending a system of taxing profits of all U.S. - based corporations no matter where they are earned.

Beyond an immediate increase in book value, the Omaha - based holding company will benefit from lower corporate taxes on the profits earned from its operating businesses.

This works in closely held companies because the identity between ownership and management and effective political power of the owners in corporate governance is sufficient to make sure that the entity distributes enough money to allow the owners to pay taxes on profits that are earned.

Because dividends are not tax free (as they are in pass through entities once tax on entity level earning has been paid by the owners - which would look politically ugly in a publicly held company context letting people receive millions in dividends and pay not taxes on it), and there is no deduction for dividends paid to the corporation (in most contexts), and there is no tax credit for taxes paid at the corporate level against income tax liability on dividends, the end result is that there is double taxation of corporate profits both when the profits are earned by the corporation and again when they are distributed to shareholders.

Distinguishing itself from traditional banks, Your Credit Union's mandate is solely to meet the financial needs of its members, offering lower fees, higher returns and focusing on meeting members» needs over earning corporate profit.