Glossary entry (derived from question below)
French term or phrase:
l’abattement applicable à l’imputation des déficits fiscaux antérieurs*
English translation:
allowance/relief for tax loss carryforwards
Added to glossary by
Zonia Clissold
Aug 30, 2016 12:28
7 yrs ago
19 viewers *
French term
accuracy and rapidity
Native in: English
Works in: French to English, Spanish to English
l’abattement applicable à l’imputation des déficits fiscaux antérieurs*
French to English
Bus/Financial
Finance (general)
auditors\' report
Le calcul de l’impôt des sociétés a été effectué en prenant pour hypothèse un résultat constant sur
l’exercice 2016 et en lissant sur l’année *l’abattement applicable à l’imputation des déficits fiscaux
antérieurs*.
It's the last half of the sentance that is blocking me. The best I can do is:
"Corporate tax is calculated on the assumption of a constant result over the 2016 financial period with the reduction for previous tax deficits spread over the year".
Is this what they are saying? Any suggestions would be greatly appreciated - deadline is looming!
l’exercice 2016 et en lissant sur l’année *l’abattement applicable à l’imputation des déficits fiscaux
antérieurs*.
It's the last half of the sentance that is blocking me. The best I can do is:
"Corporate tax is calculated on the assumption of a constant result over the 2016 financial period with the reduction for previous tax deficits spread over the year".
Is this what they are saying? Any suggestions would be greatly appreciated - deadline is looming!
Proposed translations
(English)
| 4 +1 | allowance/relief for tax loss carryforwards |
Rob Grayson
|
| 4 | carry-forward tax loss relief |
Adrian MM. (X)
|
| 4 -1 | tax deduction for loss carryforward |
Francois Boye
|
Proposed translations
+1
1 hr
Rob Grayson
United Kingdom
United Kingdom
Native in English
Specializes in field
United Kingdom
Related KudoZ points
:
805
Selected
allowance/relief for tax loss carryforwards
"Corporate income tax has been calculated assuming constant earnings over financial year 2016 and with relief for tax loss carryforwards smoothed over the year."
4 KudoZ points awarded for this answer.
Comment: "Thanks - this is most certainly the meaning."
1 hr
carry-forward tax loss relief
My edit on the 'hypothetical' assumption of a UK/Irish vs. US target-readership:
"(US) Corporate = (UK) corporation tax is calculated on the assumption of *an even level of earnings over the 2016 financial period and spreading over the year the carry-forward tax loss relief (literally > relief applicable to the allowance for, deduction or offsetting of previous tax losses)".
"(US) Corporate = (UK) corporation tax is calculated on the assumption of *an even level of earnings over the 2016 financial period and spreading over the year the carry-forward tax loss relief (literally > relief applicable to the allowance for, deduction or offsetting of previous tax losses)".
Example sentence:
A tax loss carryforward takes place where a business or individual reports losses on a tax return up to seven years after the loss occurred.
DEFINITION of 'Loss Carryback' An accounting technique with which a company retroactively applies net operating loss.
Reference:
-1
1 hr
Francois Boye
United States
United States
Native in French
Specializes in field
United States
An economic geek with social skills
Native in: French 
Works in: English to French, French to English, Spanish to English, and 1 more.
Related KudoZ points
:
305
tax deduction for loss carryforward
http://www.investopedia.com/terms/l/losscarryforward.asp
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Note added at 1 hr (2016-08-30 13:57:57 GMT)
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Erratum: CARRYFORWARDS instead of carryforward
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Note added at 2 hrs (2016-08-30 15:03:34 GMT)
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Abattement
1. DR. Retranchement, réduction (d'une somme d'argent).
a) DR. FISCAL. Cf. l'expr. abattement à la base, pour désigner la fraction de la matière imposable exemptée de l'impôt :
3. Le budget de 1946 se trouvait en discussion. Pour le bon ordre, le gouvernement tenait à ce que le vote final eût lieu le 1erjanvier. Mais, ce jour-là, tandis que les débats semblaient toucher à leur terme, les socialistes demandèrent, tout à coup, un abattement de 20 pour cent sur les crédits prévus pour la défense nationale. Ch. de Gaulle, Mémoires de guerre,Le Salut, 1959, p. 279.
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Note added at 1 day40 mins (2016-08-31 13:08:15 GMT)
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http://taxation.lawyers.com/tax-deduction-for-a-net-operatin...
--------------------------------------------------
Note added at 1 hr (2016-08-30 13:57:57 GMT)
--------------------------------------------------
Erratum: CARRYFORWARDS instead of carryforward
--------------------------------------------------
Note added at 2 hrs (2016-08-30 15:03:34 GMT)
--------------------------------------------------
Abattement
1. DR. Retranchement, réduction (d'une somme d'argent).
a) DR. FISCAL. Cf. l'expr. abattement à la base, pour désigner la fraction de la matière imposable exemptée de l'impôt :
3. Le budget de 1946 se trouvait en discussion. Pour le bon ordre, le gouvernement tenait à ce que le vote final eût lieu le 1erjanvier. Mais, ce jour-là, tandis que les débats semblaient toucher à leur terme, les socialistes demandèrent, tout à coup, un abattement de 20 pour cent sur les crédits prévus pour la défense nationale. Ch. de Gaulle, Mémoires de guerre,Le Salut, 1959, p. 279.
--------------------------------------------------
Note added at 1 day40 mins (2016-08-31 13:08:15 GMT)
--------------------------------------------------
http://taxation.lawyers.com/tax-deduction-for-a-net-operatin...
Peer comment(s):
| disagree |
Daryo
: the ST is about a reduction of the taxable amount, not of the amount of tax // you can't merrily confuse what is being taxed and the tax itself - these are related terms for sure, but NOT THE SAME
15 hrs
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Did you look at my last attachment? Did you see how a loss carry-forward amounts to a tax deduction?
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