accumulated-earnings tax
A penalty tax imposed on a corporation that has retained its earnings in an effort to avoid the income-tax liability arising once the earnings are distributed to shareholders as dividends.
¡ª Also termed undistributed-earnings tax. [Cases: Internal Revenue 3843¨C3845. C.J.S. Internal Revenue ¡ì¡ì 381¨C382.]
What is the legal translation of accumulated-earnings tax in Chinese?
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