Glossary entry (derived from question below)
Danish term or phrase:
fast driftssted
English translation:
permanent establishment {for tax purposes}, presence or physical presence
Added to glossary by
Charlesp
Apr 28, 2006 14:14
18 yrs ago
2 viewers *
Danish term
fast driftssted
Danish to English
Bus/Financial
Law (general)
A "fast driftssted" would ordinarily be considered to be a fixed place of business. However as a legal definition of fast driftssted, one doesn't need actually a fixed location, it refers more to the fact that >somewhere< in the country the enterprise operates. In US law, we would refer to this as "presence." However when used in the Danish and/or European sense, I am not certain the use of the word “presence” would be understood.
Any comments? (or suggestions for a better term)
Any comments? (or suggestions for a better term)
Proposed translations
(English)
| 4 | permanent establishment {for tax purposes} |
Adrian MM. (X)
|
| 4 | place of operation |
Suzanne Blangsted (X)
|
| 4 | presence or physical presence |
F Schultze (X)
|
Proposed translations
7 hrs
Selected
permanent establishment {for tax purposes}
A term of art that even Eurodicautom gets right:
Financial Affairs - Taxation & Customs (FI)
Law - Legislation - Jurisprudence (JU)
(1)
TERM fast driftssted i udlandet
Reference EF-Bulletin,suppl.4/1991
(1)
TERM permanent foreign establishment
Reference Bulletin of the E.C.,suppl.4/1991
A “fixed place of business,” as it relates to the definition of “permanent. establishment,” is characterized by circumstances such as these. It is a ...
Financial Affairs - Taxation & Customs (FI)
Law - Legislation - Jurisprudence (JU)
(1)
TERM fast driftssted i udlandet
Reference EF-Bulletin,suppl.4/1991
(1)
TERM permanent foreign establishment
Reference Bulletin of the E.C.,suppl.4/1991
A “fixed place of business,” as it relates to the definition of “permanent. establishment,” is characterized by circumstances such as these. It is a ...
4 KudoZ points awarded for this answer.
Comment: "A caution to those using the glossary, searching for the English equivalent of this term: an accurate definition will vary from case to case, from situation to situation, and from jurisdiction to jurisdiction. "
30 mins
place of operation
my suggestion
4 hrs
presence or physical presence
I am fairly confident that "fast driftssted" is equivalent to Am.Eng. presence or physical presence.
The Danish website referenced defines "fast driftssted".
The US website gives numerous examples of "presence" and "physical presence".
So in my opinion your first hunch was right.
The Danish website referenced defines "fast driftssted".
The US website gives numerous examples of "presence" and "physical presence".
So in my opinion your first hunch was right.
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