German translation: Besteuerungsbefugnis (recht), Besteuerungshoheit
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10:25 Feb 20, 2005
English to German translations [PRO] Bus/Financial - Finance (general)
English term or phrase:taxation authority
Most pooled financing facilities are created by state law and have no taxing authority. In most cases, they are considered independent authorities and are not backed by the credit of the state government. In some cases they are located within and subordinate to other parts of their state government. However, in these cases they generally do not have the full faith and credit backing of the state government.