accumulated profits
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 316 U.S. 450 - American Chicle Co. v. United States · 1942Most cited · 185 citing opinions
Accumulated profits' of the subsidiary are defined as 'the amount of its gains, profits, or income in excess of the income, war-profits, and excess-profits taxes imposed upon or with respect to such profits or income.