lump-sum tax

Croatian translation: paušalni porez

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:lump-sum tax
Croatian translation:paušalni porez
Entered by: Lirka

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00:55 Dec 16, 2020
English to Croatian 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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Question posted on behalf of translation team:
GBK economics and finances specialistsGBK economics and finances specialists


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paušalni porez
Definition:
Paušalni porez je porez koji je jednak za sve, bez obzira na dohodak ili bogatstvo.
Selected response from:

Lirka
Austria
Grading comment
4 KudoZ points were awarded for this answer



Summary of translations provided
4 +2paušalni porez
Lirka


  

Translations offered


6 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
paušalni porez


Definition from own experience or research:
Paušalni porez je porez koji je jednak za sve, bez obzira na dohodak ili bogatstvo.

Example sentence(s):
  • Paušalni porez na dohodak mogu plaćati porezni obveznici koji obavljaju samostalnu djelatnosti obrta i samostalnu djelatnost poljoprivrede i šumarstva, a kojima ukupan godišnji primitak ne prelazi iznos propisan za obvezni ulazak u sustav PDV-a odnosno iznos od 300.000,00 kn, te nisu u sustavu PDV-a. - CZP Osijek  
Lirka
Austria
Local time: 13:09
Native speaker of: Native in EnglishEnglish
PRO pts in category: 4

Votes in favor of/against selecting this as the best translation of the term asked
Yes  sazo
1 hr
  -> Hvala

Yes  Ivana Kahle
2 hrs
  -> Puno hvala
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