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group relief losses

Chinese translation: 集团亏损冲抵（的情况）

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

English term or phrase:	group relief losses
Chinese translation:	集团亏损冲抵（的情况）
Entered by:	Sam Q

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03:51 Jul 15, 2008

English to Chinese translations [PRO]
Law/Patents - Law: Taxation & Customs

English term or phrase: group relief losses

Group companies must compensate fully any other Group companies for the benefit of any tax deduction surrendered by the latter to the former, (e.g., group relief losses)

can anyone not only help me with the term "group relief losses" in Chinese, but the meaning of the sentence, I don't quite get what does "the later to the former" referring to. Many thanks

Sam Q KudoZ activity Questions: 147 (2 open) (1 without valid answers) Answers: 0
Local time: 22:29

集团亏损冲抵（的情况）

Explanation:
group relief losses字面意思是“可以用于集团冲抵的亏损额”，是指集团内部如果某个公司亏损，可以用该亏损额冲抵另外一个集团内公司的盈利额，从而避税。

整句应该是说，如果某个集团内公司得到另外一个集团内亏损公司surrender的亏损额，从而实现减税，则必须将该减税额fully补偿给该亏损公司

有关group relief loss的更多详情，可以参考：
iclass.shufe.edu.cn/teacherweb/users/fangwp/F6(UK)Chapt(22-24)(P).doc