English Explanatory Dictionary

PTEP

English dictionary entry

Meanings

noun
  1. Acronym of previously taxed earnings and profits, within US taxation, those earnings and profits of a foreign corporation that are attributable to amounts included in the gross income of a US shareholder under Internal Revenue Code sections 951(a) or 1248(a).

Pronunciation

pē'tĕp /ˈpiːtɛp/

Word forms

PTEP
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