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English translation: see below

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02:36 Jul 13, 2000
German to English translations [PRO]
Bus/Financial
German term or phrase: see below
I can't get my head around the following sentence:

Die Unternehmensteuerbelastung wird unter Einschluß der Gewerbesteuer auf durchschnittlich 37% bis 38% zurückgeführt.

The sentence is from a financial market report.

Any suggestions would be greatly appreciated.

Thanks.
Frank
English translation:see below
Explanation:
The corporate tax burden including trade tax will be lowered to 37-38 per cent on average.

"zurückführen": it's a guess, I'm not absolutely sure whether it really means "to lower" here, although it makes sense somehow. However, if the remaining context doesn't help, then I suggest you ask your customer about it.
Selected response from:

MargitH
Local time: 01:22
Grading comment
Thanks for your quick reply. All other answers were very helpful too and some provided good background information.
Thanks to everybody.

4 KudoZ points were awarded for this answer

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Summary of answers provided
nasee belowDan McCrosky
natax burden will be lowered to 37/38 %Uta Moerschell
nasee below
Michael Dollman
nasee belowMargitH


  

Answers


12 mins
see below


Explanation:
The corporate tax burden including trade tax will be lowered to 37-38 per cent on average.

"zurückführen": it's a guess, I'm not absolutely sure whether it really means "to lower" here, although it makes sense somehow. However, if the remaining context doesn't help, then I suggest you ask your customer about it.


MargitH
Local time: 01:22
Native speaker of: Native in GermanGerman
PRO pts in pair: 39
Grading comment
Thanks for your quick reply. All other answers were very helpful too and some provided good background information.
Thanks to everybody.
Login to enter a peer comment (or grade)

52 mins
see below


Explanation:
The corporate tax burden, once corporation tax is included, reaches an average of 37% to 38%.

Michael Dollman
Local time: 01:22
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 86
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3 hrs
tax burden will be lowered to 37/38 %


Explanation:
zurückführen in this context should mean lower. Just for context: The trade tax in Germany varies from town to town, and can be as high as 20% of income. On top of this come some other taxes, such as VAT (it used to be 16 %, but it was raised to 18% recently, I'm not sure about that because I don't live in Germany any more), and that is of added value, which is higher than income) and income tax ( at least if you're self-employed, I don't know about corporations). So basically, at the moment you are higher than 38 %.

Uta Moerschell
Local time: 01:22
Native speaker of: Native in GermanGerman
PRO pts in pair: 37
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4 hrs
see below


Explanation:
"...Die Unternehmensteuerbelastung wird unter Einschluss der Gewerbesteuer auf durchschnittlich 37% bis 38% zurückgeführt..." = "...The company tax burden/load , including trade tax, will be reduced to an average of 37% to 38%..." - Someone once said that "Taxes never come down" but it looks like they finally will here in Germany. Your text is probably about this subject. It is one of the most important news items nowadays. - HTH - Dan

Dan McCrosky
Local time: 01:22
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 1541
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