GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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11:27 Jul 10, 2002 |
German to English translations [PRO] Bus/Financial - Law: Taxation & Customs | |||||||
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| Selected response from: Steffen Pollex (X) Local time: 08:35 | ||||||
Grading comment
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Summary of answers provided | ||||
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5 +5 | loss carryforwards (according to tax regulations) |
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4 +2 | tax loss carryforwards |
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5 | tax deficit carried forward |
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4 +1 | tax losses carried forward |
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loss carryforwards (according to tax regulations) Explanation: "steuerlich" kann man hier, glaube ich, weglassen, da es klar ist, dass Verlustvorträge steuerliche Gründe haben und durch die Steuergesetzgebung geregelt werden. -------------------------------------------------- Note added at 2002-07-10 12:02:38 (GMT) -------------------------------------------------- carryforward A business operating loss that, for tax purposes, may be claimed a certain number of years in the future, often up to 15 years. Thus, a loss in one year would be carried forward to a future year and used to offset profits up to the amount of the carryforward. Carryforwards are especially useful to firms operating in cyclical industries such as transportation. Also called tax loss carryforward. In taxation of individuals, net capital losses exceeding the annual limit of $3,000 that may be carried to succeeding years so as to offset capital gains or ordinary income. There is no limit on the amount of capital losses that may be used to offset capital gains in any one year, only on the amount of losses in excess of gains that may be used to offset income. Also called carryover. -------------------------------------------------------------------------------- www.atomica.com -------------------------------------------------- Note added at 2002-07-10 12:05:46 (GMT) -------------------------------------------------- \"Losses carried forward\" sounds familiar, too. -------------------------------------------------- Note added at 2002-07-10 12:17:56 (GMT) -------------------------------------------------- Although they use \"tax loss carryforward\" (see above, 1st note), in English, IMO, this is incorrect, for \"steuerlicher Verlust\" is in no way the same as \"Steuerverlust\", the first one meaning \"loss under tax regulations\" or \"for tax purposes\", the second meaning \"loss of tax\", totally different terms. |
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