Abgeltungssteuer
English translation: withholding tax
| GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
|---|---|---|---|---|---|---|
|
| 08:42 Jul 15, 2004 |
| German to English translations [PRO] Bus/Financial - Law: Taxation & Customs | |||||||
|---|---|---|---|---|---|---|---|
|
| ||||||
|  Selected response from: RobinB United States Local time: 17:34 | ||||||
Grading comment
| |||||||
| Summary of answers provided | ||||
|---|---|---|---|---|
| 4 +1 | flat rate tax on interest income |
| ||
| 5 | withholding tax |
|
Answers
16 mins confidence: 
peer agreement (net): +1
peer agreement (net): +1flat rate tax on interest income Explanation: "flat rate tax on interest income (Abgeltungssteuer)" -------------------------------------------------- Note added at 17 mins (2004-07-15 09:00:15 GMT) -------------------------------------------------- Perhaps \"flat-rate\" instead of \"flat rate\" Reference: http://www.qantara.de/webcom/show_article.php/_c-327/_nr-9/_... |
| |
| Login to enter a peer comment (or grade) | ||
2 hrs confidence:
withholding tax Explanation: and in this particular context: "European withholding tax on savings (income)", also known as "European withholding tax on savings in the form of interest income" (long-winded, isn't it...) It includes income from what they refer to as "debt claims", which would include the interest income on bonds you mention. -------------------------------------------------- Note added at 4 hrs 4 mins (2004-07-15 12:47:12 GMT) -------------------------------------------------- Technically, of course, an Abgeltungsteuer is a \"definitive\" withholding tax, meaning that payment of that tax settles all claims against the taxpayer on that particular source of income. Other withholding taxes are credited against e.g. income tax, corporate income tax or CGT and merely reduce the ultimate tax burden. The question of whether the tax on savings is definitive or not is a matter for the individual member states. Reference: http://europa.eu.int/scadplus/leg/en/lvb/l31050.htm Reference: http://europa.eu.int/comm/taxation_customs/taxation/informat... |
| |
Grading comment
| ||
| Login to enter a peer comment (or grade) | ||
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.
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:
Search millions of term translations