accumulated earnings tax

noun

Legal Definition of accumulated earnings tax

: a tax levied on the taxable income of a corporation that is accumulated by the corporation rather than distributed to shareholders and that is not retained for the reasonable needs of the business

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Dictionary Entries Near accumulated earnings tax

accumulate

accumulated earnings tax

accumulation

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Cite this Entry

“Accumulated earnings tax.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/accumulated%20earnings%20tax. Accessed 25 Oct. 2021.

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