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  3. Law: Taxation & Customs

severance tax

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13:55 May 12, 2009
English to Danish translations [PRO]
Bus/Financial - Law: Taxation & Customs
Additional field(s): Finance (general)
English term or phrase: severance tax
Definition from VentureLine:
Severance tax is a tax levied on production of natural resources taken from land or water bottoms within the territorial boundaries of a state.

Example sentence(s):
  • States often favor severance taxes over alternative sources of government revenue because much of the severance tax burden is transferred out of the state. ‘Exporting’ the tax burden is achieved, for example, if a relatively small portion of the oil pumped from an oil-abundant state is used in that state or if out-of-state companies own oil production. The University of Utah
  • A severance tax can provide local jurisdictions with additional revenues to finance economic development, yet the imposition of a tax may create coal industry employment losses. ScientificCommons
  • The change in severance tax cannot, of course, take place in isolation. It should be carried out in conjunction with the other elements of the tax system, i.e. export duties and excise taxes. OIL OF RUSSIA
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Summary of translations provided
5råstofafgift
Jon Hedemann


  

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303 days   confidence: Answerer confidence 5/5
råstofafgift


Definition from Danish Ministry of Taxation:
Afgift, som pålægges råstoffer, der erhvervsmæssigt udvindes af den danske undergrund eller importeres fra udlandet.

Example sentence(s):
  • I 1977 blev råstofafgiften indført med det formål at dække statens udgifter til kortlægnings- og udviklingsopgaver på råstofområdet. Formålet med afgiften har ændret sig fra at være en finansieringskilde til kortlægningsudgifter på råstofområdet til at være en fiskal afgift. Desuden sikrer afgiften en tilskyndelse til at begrænse råstofforbruget og øge genanvendelsen af bygge- og anlægsaffald. Råstofafgiften pålægges råstoffer, der erhvervsmæssigt udvindes af den danske undergrund eller importeres fra udlandet. Afgiftspligtige råstoffer er sand, grus, brunkul, flint, mergel etc. De gældende afgiftssatser er 5 kr. pr. m3 for erhvervsmæssig indvinding eller modtagelse af råstoffet. I 2003 var den afgiftsbelagte råstofmængde på 30,8 mio. m3. - Danish Ministry of Taxation  
Jon Hedemann
Denmark
Local time: 01:03
Native speaker of: Danish
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