tax charged on the profits made by a company, individual, etc
Examples of 'profits tax' in a sentence
profits tax
We need a lower small-business profits tax.
Times, Sunday Times (2010)
Ireland has had low profits tax for more than 30 years.
Times, Sunday Times (2006)
When we get detail on the new diverted profits tax, we'll know.
Times, Sunday Times (2014)
Of more concern are the delays in publishing the fine print of the diverted profits tax proposal.
Times, Sunday Times (2015)
I reckon a 15 per cent profits tax on a similar shop would rake in about 700 a week at a conservative guess.
The Sun (2011)
The company said it did 'not believe that it falls within the scope of the diverted profits tax regime'.
Times, Sunday Times (2017)
The chancellor will sharpen his attack on tax avoidance by multinational firms with a new 'diverted profits tax'.
Times, Sunday Times (2015)
The chancellor said the agreement was a 'victory' for his new diverted profits tax rule, which penalises companies judged to have artificially shuffled cash overseas.
Times, Sunday Times (2016)
Profits tax is capped at 16.5% and, more importantly, there is no capital gains tax or tax on dividends.
Times, Sunday Times (2013)
Dublin's 12.5 per cent profits tax compares favourably with the effective 29 per cent paid on profits here.