Net Operating Profit Less Adjusted Taxes (NOPLAT) is a financial metric that calculates a firm's operating profits after adjusting for taxes.

Assuming a company has no debt, NOPAT is the profit left that may be distributed to its shareholders.

Since the enactment of the unrelated business income tax in 1950, section 512(b)(6)[1] and its predecessor allowed organizations subject to the unrelated business income tax (UBIT) to use the net ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Taxes are annual, but if you are in business, you can generally ...