Glossary entry (derived from question below)
French term or phrase:
sans imputation des déficits éventuels nés
English translation:
with no deduction being made for any losses sustained
Added to glossary by
Conor McAuley
Dec 6, 2006 08:53
18 yrs ago
14 viewers *
French term
France
Excellence, Expertise & Experience
Native in: English (Variants: Wales / Welsh, UK, Scottish, Irish, British)
Works in: French to English, English
sans imputation des déficits éventuels nés
French to English
Bus/Financial
Law: Taxation & Customs
Consolidating accounts
"Les résultats de la société sont compris dans le périmètre d'intégration fiscale dont la société tête de groupe est XXXXXX.
La convention d'intégration fiscale entre XXXXXX et ses filiales prévoit le calcul de la charge d'impôt pour chacune de ses filiales sur la base du résultat fiscal de l'exercice ***sans imputation des déficits éventuels nés*** pendant la période d'appartenance au groupe fiscal.
L'économie résultant du déficit de la filiale est enregistrée définitivement dans les comptes de la société tête de groupe."
Basically the parent company uses its subidiary's tax loss to make a tax saving?
Again (see previous question), I'm having problems wording this.
La convention d'intégration fiscale entre XXXXXX et ses filiales prévoit le calcul de la charge d'impôt pour chacune de ses filiales sur la base du résultat fiscal de l'exercice ***sans imputation des déficits éventuels nés*** pendant la période d'appartenance au groupe fiscal.
L'économie résultant du déficit de la filiale est enregistrée définitivement dans les comptes de la société tête de groupe."
Basically the parent company uses its subidiary's tax loss to make a tax saving?
Again (see previous question), I'm having problems wording this.
Proposed translations
(English)
| 2 +2 | with no deduction being made for any losses sustained |
Marc Glinert
|
| 4 +2 | without offsetting any losses arising |
johnclube
|
| 4 | with no group relief for any losses incurred |
Adrian MM. (X)
|
Proposed translations
+2
23 mins
Marc Glinert
Native in English
20 years in financial services
Native in: English 
Works in: English to French, French to English
Related KudoZ points
:
34
Selected
with no deduction being made for any losses sustained
I find it hard to do just bits of these Conor, so here, once again, is my stab at the whole thing...
Under the tax consolidation agreement between xxxxx and its subsidiaries, the tax charge for each of the subsidiaries is calculated on the basis of pre-tax profit for the year, with no deduction being made for any losses sustained during the period in which the subsidiary belongs to the tax-consolidated group.
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Note added at 25 mins (2006-12-06 09:19:15 GMT)
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doh! of course!
offsetting!
I really should just leave these to John
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Note added at 8 days (2006-12-14 10:14:49 GMT) Post-grading
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Thanks to Conor and to John
Under the tax consolidation agreement between xxxxx and its subsidiaries, the tax charge for each of the subsidiaries is calculated on the basis of pre-tax profit for the year, with no deduction being made for any losses sustained during the period in which the subsidiary belongs to the tax-consolidated group.
--------------------------------------------------
Note added at 25 mins (2006-12-06 09:19:15 GMT)
--------------------------------------------------
doh! of course!
offsetting!
I really should just leave these to John
--------------------------------------------------
Note added at 8 days (2006-12-14 10:14:49 GMT) Post-grading
--------------------------------------------------
Thanks to Conor and to John
4 KudoZ points awarded for this answer.
Comment: "Thanks again Marc, thanks to all, particularly John for his time and effort."
+2
14 mins
without offsetting any losses arising
It looks as if they are gathering losses centrally, presumably to be able to use them as soon as possible (otherwise, if one subsidiary always makes a loss, it will not get loss relief until it shows a profit). It might be a loss of a particular sort, or they may not want to carry the loss forward to the next year.
Example sentence:
Any losses arising are not offset against the subsidiaries' profit, but offset at group level
Peer comment(s):
| agree |
Marc Glinert
: thanks, as always John, for sharing your expert knowledge in the field
12 mins
|
| agree |
Mary Lalevee
: This is exactly what I wouild say too.
4 hrs
|
10 days
with no group relief for any losses incurred
Group relief means losses can be passes across from subsid. to subsid. or up-&-down between parent and subside.
Example sentence:
Following the ECJ's Marks & Spencer judgment, UK group relief is to be extended to certain losses incurred by foreign subsidiaries resident in the European ...
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