jurisdictional transaction

English translation: transaction limited to the state jurisdiction (geographic area)

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

English term or phrase:	jurisdictional transaction
Selected answer:	transaction limited to the state jurisdiction (geographic area)
Entered by:	juvera

18:43 Apr 16, 2005

English language (monolingual) [PRO]
Bus/Financial - Economics / Taxes

English term or phrase: jurisdictional transaction

Dear all,
This is what an associate of mine found in a text on Monaco. I failed to help and so I turn to you in desperation. What is it essentially? Is it a type of foreign trade taxation?

The elected government, answering to its sovereign, in 2003 declared revenues of E593m. Of these, half comes from VAT, the only taxes imposed except for those levied by the customs officers on imports.
Some 13% comes from exploiting monopolies Ð over transport, and the sale of goods like matches and cigarettes, while a further 10% are levies on *jurisdictional transactions*.

Dmitry Sinitsyn KudoZ activity Questions: 10 (none open) Answers: 55
Local time: 08:43

transactions limited to the state jurisdiction

Explanation:
It is likely to be the opposite to what you thought; internal transactions. What is strange, that the sentence refutes the existence of taxes other than VAT and import. On the other hand, part of Monaco's income comes from gambling, so it may be income derived from that.

Jurisdictional: Restricted to the geographic area under a particular jurisdiction; "the jurisdictional limits of a state"
www.cogsci.princeton.edu/cgi-bin/webwn

and the transaction could be exchange of goods or services between entities, or some financial transaction. The sentence doesn't indicate, what kind of transaction it refers to.

Selected response from:

juvera
Local time: 03:43

Grading comment

Thanks a lot. I am still confused about the tax structure though.
3 KudoZ points were awarded for this answer

SUMMARY OF ALL EXPLANATIONS PROVIDED

4 +4

transactions limited to the state jurisdiction

juvera

Answers

2 hrs confidence:

peer agreement (net): +4

transactions limited to the state jurisdiction

juvera
Local time: 03:43
Native speaker of:

Hungarian
PRO pts in category: 3

Grading comment

Thanks a lot. I am still confused about the tax structure though.

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.

Return to KudoZ list

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.

See also:

ProZ.com term search

Search millions of term translations