accumulated earnings tax

noun

: 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

Dictionary Entries Near accumulated earnings tax

Cite this Entry

“Accumulated earnings tax.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/accumulated%20earnings%20tax. Accessed 25 Mar. 2023.

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