1. Undistributed Profits

2. Gold standard - Great Depression
They blamed the US major economic contraction in 1937 on tightening of monetary policy resulting in higher cost of capital, weaker securities markets, reduced net government contribution to income, the undistributed profits tax and higher labor costs

3. Working capital management - Dividend policy
A share buyback program may be accepted when the value of the stock is greater than the returns to be realized from the reinvestment of undistributed profits

4. Ralph Flanders - Public life
Flanders reported, however, that when the committee made its recommendations President Roosevelt was preoccupied with augmenting the Supreme Court and ultimately chose the undistributed profits tax instead—a choice that Flanders felt discouraged capital investment.

5. Recession of 1937–38 - Interpretations
It has been widely noted that the Undistributed profits tax enacted in 1936 caused a panic in Corporate America

6. Great Depression in the United States - Causes
Reflections on the Great Depression (2002) interviews with 11 leading economists Thomas Sowell, on the other hand, notes that the rise in unemployment had peaked at 9% two months after the crash, and had fallen to 6.3% by June – he blames the later unemployment rate on the tariffs that Hoover passed against the advice of economists in that same month, and says that six months after their implementation unemployment rose to the double digit figures that characterized that decade.[ Washingtonexaminer.com] Recent research has pointed to the effects of capital taxation on property, capital stock, excess profits, undistributed profits, and dividends on the severity of the Great Depression, noting such taxation's role in significant declines in investment and equity values and nontrivial declines in gross domestic product and hours of work.[ Federal Reserve Bank of Minneapolis, Capital Taxation During the U.S

7. The New Deal - Tax policy
A tax called the undistributed profits tax was enacted in 1936

8. History of the United States (1918–45) - Second New Deal
Programs that were later ended by the Supreme Court or the Conservative coalition included the Works Progress Administration (WPA), the National Youth Administration (NYA), the Resettlement Administration, and programs for retail price control, Frazier–Lemke Farm Bankruptcy Act|farm rescues, coal stabilization, and Revenue Act of 1935|taxes on the rich and the Undistributed profits tax

9. Revenue Act of 1936
The 'Revenue Act of 1936', (June 22, 1936), established an undistributed profits tax on corporations in the United States .

10. Revenue Act of 1936 - Surtax on undistributed profits
A Surtax was levied on corporations on undistributed profits, i.e. profits not paid out in dividends, as shown in the following table.

11. Undistributed profits tax
The 'undistributed profits tax' was enacted in 1936 by the United States administration of President Franklin D

12. United Kingdom corporation tax - History
At the time of Hugh Gaitskell's 1951 budget, the profits tax was 50% for distributed profits and 10% for undistributed profits.

13. United Kingdom corporation tax - History
The tax rates fell to 22.5% on distributed profits and 2.5% on undistributed profits by 1957, but the profits tax was no longer income tax-deductible

14. Capital formation - Controversy
*Firstly, many larger corporations engage in corporate self-financing, i.e., financing from their own reserves and undistributed profits, or through loans from (or share issues bought by) other corporations

15. Second New Deal
Programs that were later ended by the Supreme Court or the Conservative Coalition included Works Progress Administration|WPA, National Youth Administration|NYA, the Resettlement Administration, and programs for retail price control, Frazier–Lemke Farm Bankruptcy Act|farm rescues, coal stabilization, and Revenue Act of 1935|taxes on the rich and the Undistributed profits tax

16. Jahangir Hajiyev - Dividends
In November 2012, shareholders voted to pay over 63 percent of undistributed profits as dividends. Approximately 8.6 million manat will be paid out as dividends. For 2009, 2010, and 2010, the bank's net profit amounted to million manat. Revenues equaled 1.2 billion manat.

17. For More Information, Visit:
The Art of Service