undistributed
uhn di strib yooh tid
- s (of investments) not distributed among a variety of securities
- In the first basket all corporations earning $25,000 or less were exempted entirely from the undistributed profits tax.
- Result was a compromise on a 7% undistributed profits tax (except for banks, trust companies, insurance companies and certain corporations).
- It allowed no exemption from the undistributed profits tax on any portion however small of a corporation's profits retained for reserves, set the tax on undistributed profits on .