Login or register (free and only takes a few minutes) to participate in this question.You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy. | GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | | Spanish term or phrase: | sin que, a tal efecto, el régimen del grupo de entidades produzca efecto alguno. | | English translation: | without the system applied by the group as a whole having any effect for such purposes | | Entered by: | RichardDeegan |
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Spanish to English translations [PRO]
Law/Patents - Law: Taxation & Customs | | Spanish term or phrase: sin que produzca efecto alguno | Cada una de las entidades del grupo actuará, en sus operaciones con entidades que no formen parte del mismo grupo, de acuerdo con las reglas generales del Impuesto, sin que, a tal efecto, el régimen del grupo de entidades produzca efecto alguno.
Many thanks, |
| Lisa RobertsKudoZ activityQuestions: 517 (none open) ( 4 closed without grading) Answers: 126
France
| | Local time: 09:31
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| | without the system applied by the group as a whole having any effect for such purposes | Explanation:
Typical provision in tax regs to prevent tax losses in one group company or the group as a whole from being applied to offset the earnings of another group company. This would also typically apply to the selection of income recognition, capitalisation depreciation or use of carryforwards emplied by individual entites (versus the choices made by the group or other group entities), making the individual entity's choice the one applicable for tax purposes. Often these choices can have major tax consequences, particularly in the application of tex-loss carryforwards and income (and expense) recognition. |
| Selected response from:
RichardDeegan
Local time: 03:31
| Grading comment Thanks Richard, your answer helped me fit the sentence around the term.
4 KudoZ points were awarded for this answer |
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| Summary of reference entries provided | |  liz askew |
| Discussion entries: 0 |
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Automatic update in 00:
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10 mins confidence:  peer agreement (net): +1 without having any effect
Explanation:
I believe
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Note added at 35 mins (2009-02-02 09:42:14 GMT)
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More or less this with a bit of polishing.....
Each of the group entities will act, in their operations with other entities that are not part of the same group, in accordance with the General Tax Regulations, without, as such, having any effect on the regime of the group of entities.
| David Brown
Local time: 09:31
Native speaker of:  English
PRO pts in category: 19
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| | Notes to answerer
Asker: Hi David, how does that tie in with the rest of the sentence? 'Without the scheme having any effect'? Thanks for clarifying. Lisa
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51 mins confidence: 
2 hrs confidence: without the system applied by the group as a whole having any effect for such purposes
Explanation:
Typical provision in tax regs to prevent tax losses in one group company or the group as a whole from being applied to offset the earnings of another group company. This would also typically apply to the selection of income recognition, capitalisation depreciation or use of carryforwards emplied by individual entites (versus the choices made by the group or other group entities), making the individual entity's choice the one applicable for tax purposes. Often these choices can have major tax consequences, particularly in the application of tex-loss carryforwards and income (and expense) recognition.
| RichardDeegan
Local time: 03:31
Specializes in field
Native speaker of: English
PRO pts in category: 11
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| | Grading comment | Thanks Richard, your answer helped me fit the sentence around the term. |
| | Login to enter a peer comment (or grade) |
5 hrs confidence:
Return to KudoZ list | Changes made by editors |
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| Feb 7, 2009 - Changes made by RichardDeegan: | | Edited KOG entry | Lisa Roberts's old entry - "sin que produzca efecto alguno" => "without the system applied by the group as a whole having any effect for such purposes" |
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The translation workplace 
