Week 42 — English: Baseline fluency & group taxation

Verlies lijden

To incur a loss (to incur substantial losses)

Verliezen verrekenen met winsten

Offset tax losses against taxable profits

Een voorziening opnemen

To recognise a provision (to recognise a provision for litigation costs)

Vennootschapsbelastingtarief

Corporate income tax rate (the applicable corporate income tax rate)

Voor zover

To the extent that (justified to the extent that it prevents abuse)

Dat gezegd hebbende

That said (that said, there are significant drawbacks)

Afhangen van

To hinge on (the outcome hinges on the circumstances)

op grond dat

On the grounds that (justified on the grounds that it prevents avoidance)

Winst toerekenen aan

Attribute profits to (Profits must be attributed to the permanent establishment.)

Fiscale verliezen voorwaarts verrekenen

To carry forward tax losses (the company may carry forward its tax losses, subject to statutory restrictions)

Omzet verantwoorden

To recognise revenue (the company recognises revenue when the applicable accounting criteria are met)

Economische prikkels verstoren

To distort economic incentives (different tax treatments may distort economic incentives)

Terwijl/daarentegen

Whereas (Company A is profitable, whereas Company B incurs substantial losses.)

Een stelling onderbouwen

To substantiate a claim (You should substantiate your claim with convincing evidence.)

Zwaarder wegen dan

To outweigh (The potential drawbacks may outweigh the benefits)

Op gespannen voet staan met

To be at odds with (The measure may be at odds with the principle of proportionality.)

nadeel

drawback