Dec 16, 2020 00:56
3 yrs ago
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English term
lump-sum tax
GBK
English to Norwegian
Bus/Financial
Finance (general)
Definition from
The Economist:
A tax that is the same amount for everybody, regardless of income or wealth. Some economists argue that this is the most efficient form of TAXATION, as it does not distort incentives and thus it has no DEADWEIGHT COST. This is because each person knows that whatever they do they will have to pay the same amount. It is also cheap to administer, as there is no complex process of measuring each person's INCOME and ASSETS in order to calculate their tax bill.
Example sentences:
The lump-sum tax system is superior if there are no errors in classifying individuals but, when enough mistakes are made, income taxation may be the preferred system. (Science Direct)
Iowa lump-sum tax applies only if federal form 4972 was used to compute the federal tax on any portion of the lump-sum distribution. (Iowa Department of Revenue)
The lump-sum tax is calculated upon the annual expenses borne by the applicant individual considering his or her standard of living, as well as by those people he or she takes care of. These expenses represent the taxable base for the computation of the tax due. (modaq)
Proposed translations
(Norwegian)
| 5 | Rundsum-skatt |
Rolf Sunde
|
Change log
Nov 30, 2020 20:26: changed "Kudoz queue" from "In queue" to "Public"
Dec 16, 2020 00:56: changed "Stage" from "Preparation" to "Submission"
Dec 19, 2020 01:56: changed "Stage" from "Submission" to "Selection"
Dec 26, 2020 01:56:
Jan 15, 2021 01:55:
Feb 14, 2021 01:56:
Proposed translations
285 days
Rolf Sunde
Norway
Norway
Norway
Words do come easy
Native in: Norwegian (Variants: Nynorsk, Bokmål) 
Works in: English to Norwegian
Rundsum-skatt
Definition from
Gov of Norway:
En skatt vil være effektivitetsmessig nøytral dersom det skattebeløp en person betaler, er uavhengig av den økonomiske tilpasning eller er knyttet til forhold som skattyteren ikke kan påvirke gjennom sin tilpasning. Slike skatter kalles gjerne lumpsum-skatter, eller rundsum-skatter i fornorsket terminologi.
Example sentences:
Skatt uten vridende eller korrigerende effekt: endrer ikke relative priser, endrer ikke insentivene (Univ of Oslo)
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