Welteinkommensprinzip
English translation: principle of global income
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| 00:49 Oct 4, 2001 |
| German to English translations [PRO] Law/Patents | |||||||
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|  Selected response from: Sven Petersson Sweden Local time: 18:30 | ||||||
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| 5 +1 | principle of global income |
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| 4 | wellteinkommensprinzip |
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Answers
6 mins confidence: 
peer agreement (net): +1
peer agreement (net): +1principle of global income Explanation: Implicit in answer. Reference: http://www.cbs.dk/departments/econ/res/wpec1898.pdf |
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18 mins confidence: 
wellteinkommensprinzip Explanation: Hello Astrid, I don't know what it is called in English but it is the principle that you pay tax in the country where you live or are registered, on your total income including the income you earn in other countries. For example when you earn money in Switzerland, you probably pay some tax there, but if you are German and you would have to pay more tax on this income in Germany. You pay the extra amount in Germany. So you do not profit from lower tax systems in other countries because you always pay the extra amount in your own country. source: my own experience, unfortunately, Bram |
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