GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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08:01 May 16, 2002 |
German to English translations [PRO] Bus/Financial - Law: Taxation & Customs / Taxation | |||||||
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| Selected response from: Astrid Cruse Local time: 19:12 | ||||||
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Summary of answers provided | ||||
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4 +1 | taxable profits |
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4 +1 | profit for income tax purposes |
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4 +1 | A lowering of revenue advantages 2001 ... |
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4 | taxable revenue (income) |
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4 | taxable gain(s) |
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taxable revenue (income) Explanation: is what I would say |
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taxable profits Explanation: not all revenue is taxable.... |
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taxable gain(s) Explanation: Is a term I've heard in a more general sense |
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profit for income tax purposes Explanation: In Germany, companies set up two different sets of financial statements, "Steuerbilanz" (amounts used for income tax purpose) and "Handelsbilanz" (pursuant to the German Commercial Code) See the following excerpt of Department of Economic and Social Affairs Statistics Division Studies in Methods Series F, No.76 Handbook of National Accounting LINKS BETWEEN BUSINESS ACCOUNTING AND NATIONAL ACCOUNTING: "One important issue to be noted in the use of business accounts is the difference between business accounts for tax purposes and those for business analysis or public information. A major difference commonly cited is in the treatment of depreciation: accounting for tax purposes may apply a depreciation schedule allowed by tax authorities in order to reduce the immediate payment of income taxes while accounting for business analysis focuses on the true standing of a company with a different schedule of depreciation which reflects the nature of the fixed assets. This, however, is not an important issue in national accounts, where the concept of depreciation (or consumption of fixed capital) is not the same as in business accounts. The SNA concept of consumption of fixed capital must reflect the cost of fixed capital used up in production, which is measured at current market price (see chapter VIII). The consumption of fixed capital is commonly calculated by the perpetual inventory method (PIM) to replace depreciation used in business accounting in order to come closer to the actual cost of fixed capital used in production. In many developing countries that are unable to calculate the SNA consumption of fixed capital for lack of time series data on fixed capital formation, business depreciation is used as a proxy (see chapter VII). HTH, Grüße, Astrid Reference: http://www.pketelaer.de/Download/FolienJahresabschluss.pdf Reference: http://esa.un.org/unsd/sna1993/doc/series-F76e.pdf |
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A lowering of revenue advantages 2001 ... Explanation: My read! |
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