Mar 28, 2013 15:56
11 yrs ago
12 viewers *
Italian term
adesione al regime di trasparenza
Italian to English
Bus/Financial
Accounting
balance sheet
Proventi / oneri da adesione al regime di trasparenza
Just one item in the balance sheet...
Just one item in the balance sheet...
Proposed translations
(English)
Proposed translations
-1
35 mins
Selected
Income or expenses from participation in tax consolidation exemption/scheme
.
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+2
6 hrs
option for "transparency regime" (shareholders are taxed instead of the company- "flow through")
This is a system whereby a company is taxed as if it is a partnership where the partnership pays no tax itsefl, while the partners are each taxed on the basis of their share of the partnership's profits partnership taxation. In the United States this is called "flow through" taxation. It has no name in the UK. I know of no other country which allows this option, only available recently in Italy.
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