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French to English translations [PRO]
Bus/Financial - Business/Commerce (general) / New businesses - tax relief | | French term or phrase: dégressive de 5 à 9 ans | This is taken from a list of help that new businesses can expect from the local/regional authorities when setting up in a certain area in France. It looks like it is to do with (among other things) tax exemption. It is item 2 that I need help with - I understand the language, but need confirmation on the concept. Does it perhaps mean that the items on which the exemption is available is UP TO 100% for a period of 5 years, but is available (at a progressively lower percentage) for a period of anything from 5 to 9 years?
Aides indirectes :
(1)aides régionales et de l’Etat à l’embauche et à la formation (Parcours Vers l’Emploi), Aides à la Formation Préalable à l’Embauche...)
(2)Zone Franche Urbaine : des exonérations à 100% pendant 5 ans, dégressive de 5 à 9 ans
(3)Exonération sur : bénéfices ; charges sociales patronales ; cotisations sociales personnelles taxe professionnelle |
|  French2EnglishKudoZ activityQuestions: 1480 ( 10 open) ( 7 without valid answers) ( 17 closed without grading) Answers: 116
United Kingdom
| | Local time: 06:46
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| | Selected response from:
  Claire Cox
Local time: 06:46
| Grading comment Selected automatically based on peer agreement.
4 KudoZ points were awarded for this answer |
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| Discussion entries: 0 |
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Automatic update in 00:
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6 mins confidence:  peer agreement (net): +2 see explanation
Explanation:
The tax exemption is 100% during the first 5 years and afterwards the percentage of tax exemption decreases progressively between years 5-9.
| Cristina Chaplin
United Kingdom
Local time: 06:46
Specializes in field
Native speaker of: Romanian
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8 mins confidence:  peer agreement (net): +2 tapered between 5-9 years
Explanation:
I read it as 100% exemption during the first 5 years, then tapered between 5-9 years
| Claire Cox
Local time: 06:46
Works in field
Native speaker of:  English
PRO pts in category: 87
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| | Grading comment | Selected automatically based on peer agreement. |
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8 mins confidence: peer agreement (net): +2 at a gradually reduced rate
Explanation:
Basically, you get full tax relief for the first 5 years, then the rate at which these reliefs are applied are gradually reduced between yrs5 and 9.
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Note added at 9 mins (2006-03-27 11:33:40 GMT)
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rates are gradually reduced
| John Peterson
Local time: 06:46
Specializes in field
Native speaker of: English
PRO pts in category: 115
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2 hrs confidence:
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