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English to Italian translations [PRO] Bus/Financial
English term or phrase:netted against
"...if a tax change causes an increase in deferred compensation, the increased future tax liability must be netted against any decline in current tax payments. Furthermore, any change in taxable income in one tax base must be netted against changes in taxable income in other bases. For example, if a decline in personal tax rates causes a shift from C corporation status to S corporation status, the increased personal taxable income must be netted against decreases in corporate taxable income".