MLchartDataset catalogue

Branch profits tax (BPT)

Term · Insurance and risk management · MLC-T-INS-000600

A tax imposed by the United States on the deemed dividend equivalent amount of a foreign corporation's U.S. branch earnings and profits that are not reinvested in the U.S. business. For foreign insurance companies operating through a U.S. branch, this tax applies to their effectively connected income. The BPT rate is generally 30% unless reduced by an applicable income tax treaty.

Table 1. Record
IdentifierMLC-T-INS-000600
FieldInsurance and risk management
AbbreviationBPT
Record as JSON 
{
  "id": "MLC-T-INS-000600",
  "term": "Branch profits tax (BPT)",
  "field": "Insurance and risk management",
  "definition": "A tax imposed by the United States on the deemed dividend equivalent amount of a foreign corporation's U.S. branch earnings and profits that are not reinvested in the U.S. business. For foreign insurance companies operating through a U.S. branch, this tax applies to their effectively connected income. The BPT rate is generally 30% unless reduced by an applicable income tax treaty.",
  "abbreviation": "BPT",
  "url": "https://mlchart.com/terminology/insurance/branch-profits-tax-bpt/"
}

Record 372 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.