Glossary entry

German term or phrase:

Familienleistungsausgleich

English translation:

Family Tax-Relief Package

May 14, 2007 11:22
17 yrs ago
6 viewers *
German term

Familienleistungsausgleich

German to English Law/Patents Law: Taxation & Customs
Refers to German Social Security
Change log

May 14, 2007 11:38: David Hollywood changed "Level" from "Non-PRO" to "PRO"

May 14, 2007 12:09: Steffen Walter changed "Field (specific)" from "Government / Politics" to "Law: Taxation & Customs"

Votes to reclassify question as PRO/non-PRO:

PRO (3): Nadine Kahn, casper (X), David Hollywood

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Proposed translations

58 mins
Selected

Family Tax-Relief Package

The EC website calls it Family Tax-Relief Package.
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4 KudoZ points awarded for this answer. Comment: "Thank you very much - I liked your translation best and used it. "
36 mins

tax credit alternative

My suggestion "Tax credit alternative" is to get the ball rolling. I found this excellent explanation on:
www.lisproject.org/publications/liswps/453.pdf

"The German "Familienleistungsausgleich" ("Compensation for the achievements of the family") has a dual character (meaning that either a lump-sum transfer or a tax deduction is granted for a child) and is actually dominated by the child transfer (which is lump-sum). The provisions can be found in tax law: Either a tax allowance or the transfer is granted whichever is more
favorable for the family. France also grants lump-sum payments but disposes of a sophisticated mixture of conditional allowances and grants (for example for in-house day care provided by nannies). Furthermore, France is one of the few countries worldwide applying a family splitting (with a ceiling) in tax law."


The second reference calls it a Tax Credit Alternative:

As an alternative to the tax credit it is possible to apply tax allowances, if this is an advantage for the family. The tax allowances are [etc.]...

Page 34-5
www.socsci.aau.dk/ccws/CalenderActivities/2006-autumn-link/...


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2 hrs

family tax credit

I throw this into the melting pot from a UK point of view.....over her we refer to this smply as "family tax credit"
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