GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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17:02 Jan 10, 2005 |
German to English translations [PRO] Law/Patents - Law: Taxation & Customs | |||||||
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| Selected response from: Adrian MM. (X) Local time: 03:11 | ||||||
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Summary of answers provided | ||||
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4 +1 | franked investment income (group) relief |
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4 | affiliation privilege/affiliate privilege |
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affiliation privilege/affiliate privilege Explanation: Term taken from one of my own translations. -------------------------------------------------- Note added at 28 mins (2005-01-10 17:31:34 GMT) -------------------------------------------------- Schäfer: Wirtschaftswörterbuch, 7. Auflg. Schachtelprivileg n (StR) ,,affiliation privilege\", § 192 BeWG – intercompany (or intercorporate) privilege (ie, conditional tax exemption for intercompany dividends, the term applying to income, property, net worth, and trade taxation) |
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franked investment income (group) relief Explanation: franked investment income: inter-co. dividends already taxed and exempt from further corp. tax. I know dictionaries talk about affiliation and controlling equity stakes. But UK revenue law textbooks don't. Quote: REVENUE– Corporation tax– Group relief– Revenue refusing claims for relief by multi-national companies– Proceedings commenced against Revenue in the ... Reference: http://www.lawreports.co.uk/chanmare0.1.htm |
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