Feb 23, 2017 14:52
7 yrs ago
1 viewer *
English term
France
Translator/Conference Interpreter
Native in: French 
Works in: English to French, French to English
Tax termination
English to French
Law/Patents
Law: Contract(s)
Contrat d\'une société de personnes à responsabilité limitée
"(the transfer) would constitute a sale or exchange of fifty percent or more of the total Partnership interest and result in the tax termination of the Partnership under Article 708(b) of the Inland Revenue Code of 1986, as amended." Je comprends ce qu'ils veulent dire mais "résiliation fiscale" me semble bizarre. Merci :-)
Proposed translations
(French)
| 3 +1 | disparition de l'entité fiscale correspondante |
Anne Bohy
|
| 3 | cessation de la société simple/en commandite pour les fins fiscales |
AllegroTrans
|
| 2 | Céssation de paiement |
Chakib Roula
|
References
| The legislation fwiw |
AllegroTrans
|
Proposed translations
+1
16 hrs
Selected
disparition de l'entité fiscale correspondante
Suggestion :
(ce transfert) correspondrait à la vente ou à l'échange d'au moins 50 % de l'ensemble des intérêts du Partenariat et entraînerait la disparition de l'entité fiscale correspondante, conformément à l'article .... etc.
(ce transfert) correspondrait à la vente ou à l'échange d'au moins 50 % de l'ensemble des intérêts du Partenariat et entraînerait la disparition de l'entité fiscale correspondante, conformément à l'article .... etc.
4 KudoZ points awarded for this answer.
Comment: "Merci beaucoup :-)"
1 min
Chakib Roula
Algeria
Algeria
Native in French
Specializes in field
Algeria
Shedding light out of words
Native in: Arabic , French
Works in: Arabic to French, Arabic to English, French to English, and 3 more.
Related KudoZ points
:
53
Céssation de paiement
Suggestion
Peer comment(s):
| neutral |
AllegroTrans
: I don't think you should assume this French situation is the exact same; any refs??
49 mins
|
|
I do not assume but merely guess.
|
3 hrs
AllegroTrans
United Kingdom
United Kingdom
Native in English
Specializes in field
United Kingdom
Sensible solutions
Native in: English (Variant: Wessexois) 
Works in: French to English, English, English to French
Related KudoZ points
:
378
cessation de la société simple/en commandite pour les fins fiscales
I think it means that the Revenue would no longer treat the entity as a partnership for tax purposes
Peer comment(s):
| neutral |
Germaine
: dans ce sens, on ne dirait pas plutôt "dissolution fiscale de la Société"? ou dissolution de la Société au plan fiscal?
1 hr
|
Reference comments
50 mins
AllegroTrans
United Kingdom
United Kingdom
Native in English
Specializes in field
United Kingdom
Sensible solutions
Native in: English (Variant: Wessexois)
Works in: French to English, English, English to French
Related KudoZ points
:
378
Reference:
The legislation fwiw
U.S. Code § 708 - Continuation of partnership
Current through Pub. L. 114-38. (See Public Laws for the current Congress.)
US Code
IRS Rulings
Authorities (CFR)
prev | next
(a) General rule
For purposes of this subchapter, an existing partnership shall be considered as continuing if it is not terminated.
(b) Termination
(1) General ruleFor purposes of subsection (a), a partnership shall be considered as terminated only if—
(A) no part of any business, financial operation, or venture of the partnership continues to be carried on by any of its partners in a partnership, or
(B) within a 12-month period there is a sale or exchange of 50 percent or more of the total interest in partnership capital and profits.
(2) Special rules
(A) Merger or consolidation
In the case of the merger or consolidation of two or more partnerships, the resulting partnership shall, for purposes of this section, be considered the continuation of any merging or consolidating partnership whose members own an interest of more than 50 percent in the capital and profits of the resulting partnership.
(B) Division of a partnership
In the case of a division of a partnership into two or more partnerships, the resulting partnerships (other than any resulting partnership the members of which had an interest of 50 percent or less in the capital and profits of the prior partnership) shall, for purposes of this section, be considered a continuation of the prior partnership.
(Aug. 16, 1954, ch. 736, 68A Stat. 244.)
Current through Pub. L. 114-38. (See Public Laws for the current Congress.)
US Code
IRS Rulings
Authorities (CFR)
prev | next
(a) General rule
For purposes of this subchapter, an existing partnership shall be considered as continuing if it is not terminated.
(b) Termination
(1) General ruleFor purposes of subsection (a), a partnership shall be considered as terminated only if—
(A) no part of any business, financial operation, or venture of the partnership continues to be carried on by any of its partners in a partnership, or
(B) within a 12-month period there is a sale or exchange of 50 percent or more of the total interest in partnership capital and profits.
(2) Special rules
(A) Merger or consolidation
In the case of the merger or consolidation of two or more partnerships, the resulting partnership shall, for purposes of this section, be considered the continuation of any merging or consolidating partnership whose members own an interest of more than 50 percent in the capital and profits of the resulting partnership.
(B) Division of a partnership
In the case of a division of a partnership into two or more partnerships, the resulting partnerships (other than any resulting partnership the members of which had an interest of 50 percent or less in the capital and profits of the prior partnership) shall, for purposes of this section, be considered a continuation of the prior partnership.
(Aug. 16, 1954, ch. 736, 68A Stat. 244.)
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