branch profits tax (BPT)
Definition
An additional income tax imposed by the IRS on foreign companies that earn profits from their U.S. business operations. Foreign companies pay the BPT in addition to the normal income tax on their U.S. profits. It is calculated as a percentage of after-tax profits.
Related Articles
- Utilizing Grants and Scholarships to Pay for School *
- Common Mistakes That People Make While Picking a Financial Advisor *
- Kids and Money: Tackling the Various Issues *
- Diversifying Your Portfolio *
- Finding a Financial Advisor for Your Business Venture *
- Introduction to Buying a Car *
- SEP and SIMPLE Plans *
- Information on Filing Auto Claims and Reducing Premiums *
Related Videos
http://www.businessdictionary.com/definition/branch-profits-tax-BPT.html
