Glossary entry (derived from question below)
Norwegian term or phrase:
skattekonsern
English translation:
tax group
Added to glossary by
Adrian MM. (X)
Jun 13, 2008 12:07
15 yrs ago
Norwegian term
skattekonsern
Norwegian to English
Bus/Financial
Accounting
Financial report. Under Tax. I'm not quite sure of the meaning of this sentence:
"Underskudd i skattekonsernet er i sin helhet fylt opp ved konsernbidrag fra XX AS og søsterselskap."
"Underskudd i skattekonsernet er i sin helhet fylt opp ved konsernbidrag fra XX AS og søsterselskap."
Proposed translations
(English)
| 4 | tax group |
Adrian MM. (X)
|
Change log
Jun 18, 2008 06:50: Adrian MM. (X) Created KOG entry
Proposed translations
9 hrs
Selected
tax group
'The shortfall in the tax group (of tax-eligible companies treated as a single-entity cf. DE Organschaft) has been made up for in its entirety by group contributions from XX AS and associated company/ies'.
Other group cos. can make up for a loss elsewhere in the group.
In the UK, group (tax) relief works slightly differently. Tax-deductible losses can pass up and down between parent and subsidiaries or across between subsidiaries to reduce the taxable profits:
Parent
/loss \loss
Subsid. - loss - subsid. -loss - subsid.
--------------------------------------------------
Note added at 5 days (2008-06-18 15:58:02 GMT) Post-grading
--------------------------------------------------
The definition is all very well, but doesn't justify expanding to: tax contributory group, transfer pricing or group (tax) relief.
Other group cos. can make up for a loss elsewhere in the group.
In the UK, group (tax) relief works slightly differently. Tax-deductible losses can pass up and down between parent and subsidiaries or across between subsidiaries to reduce the taxable profits:
Parent
/loss \loss
Subsid. - loss - subsid. -loss - subsid.
--------------------------------------------------
Note added at 5 days (2008-06-18 15:58:02 GMT) Post-grading
--------------------------------------------------
The definition is all very well, but doesn't justify expanding to: tax contributory group, transfer pricing or group (tax) relief.
Example sentence:
Skattekonsern foreligger dersom morselskapet eier mer enn ni tideler av aksjene i ... Datterselskap i skattekonsern kan som et alternativ til utbytte yte ...
a written application to form a tax group which has to be filed with the ... participate in a tax group. Under certain conditions, groups with two or more ...
2 KudoZ points awarded for this answer.
Discussion