Glossary entry

Norwegian term or phrase:

skattesmell

English translation:

tax hit

Added to glossary by Dawid Gut (X)
Nov 10, 2011 15:08
12 yrs ago
Norwegian term

skattesmell

Norwegian to English Bus/Financial Finance (general)
Unngå skattesmell på firmabiler

Kan det forstås som "penalty tax"

Discussion

Per Bergvall Nov 11, 2011:
No big bang... Please note that 'skattesmell' to a Norwegian just means an incurred tax liability, as in the opposite of skattefordel (tax advantage). There is no drama, no shock - but possibly an element of unexpectedness, or surprise, among the more naive taxpayers. For tax surprise, consider tax liability as an alternative.

Proposed translations

20 hrs
Selected

tax hit

In the light of Per's explanations I am upgrading this from a suggested alternative to an answer, as it doesn't entail any shock or surprise, just an unwanted tax bill
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4 KudoZ points awarded for this answer. Comment: "The choice is very difficult here. The situation might come as a shock for many, and "tax shock" seems to be a very good translation in a more colloquial understanding but generally it is about paying ADDITIONAL tax, so "tax hit" or even "surtax" may be more appropriate."
+4
13 mins

tax shock

The first link demonstrates that this is an expression to describe a surprise to a taxpayer at the end of the year. The second link is Google results for "tax shock" + UK, including the example headline from one of these.

I like "shock" better than mere "surprise" because "smell" is used in your source.
Example sentence:

Consumers warned about April tax shock

Peer comment(s):

agree Sven Petersson
3 hrs
agree roguestate : or even tax bombshell
6 hrs
agree Zofia Wyszynski
15 hrs
agree Charlesp
3 days 16 hrs
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+1
2 hrs

tax surprise

Don't let the company car tax catch you by surprise...
There is nothing about our car tax that should come as a shock, although it may surprise some who thought they were getting a free company car. And no, penalties are not involved in any way, as long as said tax is paid.
Of course, the provider may wish to suggest he can help you avoid the company car tax altogether, in which case "Avoid the tax liability associated with your company car" would fit.
Peer comment(s):

agree Charlesp
3 days 14 hrs
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