lump-sum tax

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00:55 Dec 16, 2020
English to Romanian translations [PRO]
Bus/Financial - Finance (general)
Additional field(s): Business/Commerce (general), Economics, Marketing / Market Research
English term or phrase: lump-sum tax
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 sentence(s):
  • 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
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GBK economics and finances specialistsGBK economics and finances specialists


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Summary of translations provided
4 +1Taxă forfetară
Iulia Bugean


  

Translations offered


19 days   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
Taxă forfetară


Definition from dexonline.ro:
FORFETÁR, -Ă, forfetari, -e, adj. (Despre tarife, taxe, impozite etc.) Care este dinainte stabilit la o sumă globală și invariabilă.

Example sentence(s):
  • Atunci dacă să spunem că 1,1 milioane de firme aduc undeva la 2%, atunci poate că o abordare de acest tip, forfetar poate ar fi mai indicată pentru ambele părți, și pentru mediul de afaceri și pentru ANAF, în sensul unei sume stabilită anual, stabilită transparent, în funcție de cifra de afaceri. - HotNews  
Iulia Bugean
Romania
Local time: 10:40
Native speaker of: Native in RomanianRomanian

Votes in favor of/against selecting this as the best translation of the term asked
Yes  Iuliana Draghici
41 days
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