Glossary entry (derived from question below)
English term or phrase:
camouflaged capital
Romanian translation:
capital ascuns/venituri nedeclarate/capital negru=Rezultat din activitati ilegale, nedeclarate, pentru a evita plata taxelor
Added to glossary by
Dora Ilie (X)
Nov 20, 2009 14:08
14 yrs ago
English term
camouflaged capital
English to Romanian
Other
Accounting
Dintr-un fel de raport financiar-contabil tradus din turca in engleza. expresia face parte din sintagma INFORMATION ON THE APPLICATION OF CAMOUFLAGED CAPITAL
Va multumesc anticipat!
Va multumesc anticipat!
Proposed translations
(Romanian)
| 3 +3 | capital ascuns/venituri nedeclarate/ |
Dora Ilie (X)
|
| 4 | originea ascunsa a fondurilor/fonduri nedeclarate |
Agathe Rudea (X)
|
Change log
Nov 24, 2009 07:09: Dora Ilie (X) Created KOG entry
Proposed translations
+3
16 hrs
Selected
capital ascuns/venituri nedeclarate/
Nu cred a vorbim de un raport "contabil" la nivelul unei firme, deci...(in lipsa de toate precizarile necesare) putem presupune: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1389516
This paper investigates how changes in regulatory and economic environments affect the transparency of banks' financial-statements. Reregulation and a volatile economy make Turkish banks the ideal sample. I disaggregate sources of both hidden and booked capital in Turkish banks traded on the Istanbul Stock Exchange between 1988 and 2006. Hidden capital account for the difference between the accounting and opportunity-cost measures of a firm's net worth. Hidden capital increases in crisis periods which indicate a greater reliance on government-contributed safety-net capital. The increase in hidden capital is more pronounced for large banks. Too-Big-To-Fail policies may explain why large banks are the beneficiaries of government-contributed capital.
http://www.capitalul.ro/macro-economie/romania-cea-mai-ridic...
Romania a inregistrat cea mai mare valoare, din Uniunea Europeana, a veniturilor anuale nedeclarate medii pe fiecare lucrator nedeclarat, respectiv 11.234 de euro, in timp media in UE-27 a fost de 3.294 euro - releva raportul intitulat 'Masuri de combatere a muncii nedeclarate in UE', realizat de Fundatia Europeana pentru Imbunatatirea Conditiilor de Viata si Munca (Eurofound, agentie a UE cu sediul la Dublin) si publicat miercuri seara de Comisia Europeana.
www.biblioteca.ase.ro/downres.php?tr=756
Pentru a ne forma o imagine mai concordantă cu realitatea am adus
unele clarificări în legătură cu conceptul de economie a bunurilor
clandestine şi ilicite, bunuri care fac obiectul cererii şi al ofertei pe piaţa
schimburilor clandestine şi ilicite şi anume: economia bunurilor clandestine
şi ilicite reprezintă spaţiul în care se creează şi se dezvoltă un important
volum de „capital negru”, neevidenţiat în produsul intern brut. Acestei
3
economii îi sunt caracteristice două categorii de activităţi obscure: cele
ascunse pentru că sunt ilegale şi cele ascunse pentru a evita plata taxelor şi a
altor obligaţii financiare datorate statului, dar care sunt în fond legale;
economia bunurilor clandestine şi ilicite nu trebuie confundată cu economia
subterană, prima fiind doar o parte a acesteia din urmă;
--------------------------------------------------
Note added at 16 hrs (2009-11-21 06:57:15 GMT)
--------------------------------------------------
A 3-a varianta era "capital negru". Vrem mai mult context!
--------------------------------------------------
Note added at 3 days17 hrs (2009-11-24 07:10:06 GMT) Post-grading
--------------------------------------------------
Multumesc pentru apreciere, ma bucur daca a fost de folos. Am adaugat la glosar.
This paper investigates how changes in regulatory and economic environments affect the transparency of banks' financial-statements. Reregulation and a volatile economy make Turkish banks the ideal sample. I disaggregate sources of both hidden and booked capital in Turkish banks traded on the Istanbul Stock Exchange between 1988 and 2006. Hidden capital account for the difference between the accounting and opportunity-cost measures of a firm's net worth. Hidden capital increases in crisis periods which indicate a greater reliance on government-contributed safety-net capital. The increase in hidden capital is more pronounced for large banks. Too-Big-To-Fail policies may explain why large banks are the beneficiaries of government-contributed capital.
http://www.capitalul.ro/macro-economie/romania-cea-mai-ridic...
Romania a inregistrat cea mai mare valoare, din Uniunea Europeana, a veniturilor anuale nedeclarate medii pe fiecare lucrator nedeclarat, respectiv 11.234 de euro, in timp media in UE-27 a fost de 3.294 euro - releva raportul intitulat 'Masuri de combatere a muncii nedeclarate in UE', realizat de Fundatia Europeana pentru Imbunatatirea Conditiilor de Viata si Munca (Eurofound, agentie a UE cu sediul la Dublin) si publicat miercuri seara de Comisia Europeana.
www.biblioteca.ase.ro/downres.php?tr=756
Pentru a ne forma o imagine mai concordantă cu realitatea am adus
unele clarificări în legătură cu conceptul de economie a bunurilor
clandestine şi ilicite, bunuri care fac obiectul cererii şi al ofertei pe piaţa
schimburilor clandestine şi ilicite şi anume: economia bunurilor clandestine
şi ilicite reprezintă spaţiul în care se creează şi se dezvoltă un important
volum de „capital negru”, neevidenţiat în produsul intern brut. Acestei
3
economii îi sunt caracteristice două categorii de activităţi obscure: cele
ascunse pentru că sunt ilegale şi cele ascunse pentru a evita plata taxelor şi a
altor obligaţii financiare datorate statului, dar care sunt în fond legale;
economia bunurilor clandestine şi ilicite nu trebuie confundată cu economia
subterană, prima fiind doar o parte a acesteia din urmă;
--------------------------------------------------
Note added at 16 hrs (2009-11-21 06:57:15 GMT)
--------------------------------------------------
A 3-a varianta era "capital negru". Vrem mai mult context!
--------------------------------------------------
Note added at 3 days17 hrs (2009-11-24 07:10:06 GMT) Post-grading
--------------------------------------------------
Multumesc pentru apreciere, ma bucur daca a fost de folos. Am adaugat la glosar.
Peer comment(s):
| agree |
George C.
4 hrs
|
| agree |
Iosif JUHASZ
1 day 11 hrs
|
| agree |
Tradeuro Language Services
4 days
|
4 KudoZ points awarded for this answer.
Comment: "Multumesc pentru acest raspuns complet, chiar daca nu am oferit mai mult context. Este o traducere proasta din tr in en si nici eu nu imi pot da seama de mai multe, in afara de faptul ca sunt niste documente care prezinta situatia contabila a unei firme. Asasar, sugestia dumneavoastra este cea mai potrivita. "
7 hrs
originea ascunsa a fondurilor/fonduri nedeclarate
Se vede din formularele bancilor unde se cere originea si beneficiarul real al fondurilor.
Reference comments
24 mins
Denise Idel
Israel
Israel
Native in Romanian
Israel
Native in: Romanian (Variant: Moldovan) 
Works in: Hebrew to Romanian, Romanian to Hebrew, English to Romanian
Reference:
http://www.mondaq.com/article.asp?articleid=64548
In addition and along with the globalization tax systems companies confront with new cases. Multinational companies profit the most from globalization and reduce countries' tax incomes, maximize their company's incomes and minimize its' outlays. The main ways to achieve those is to transfer the earnings from countries with high taxes to ones with lower taxes by shareholder loans and transfer pricing.
The problem lies here where it should be determined if a shareholder loan is simply for the good-will expense coverage or is it for tax evasion (***disguised capital***).
Problem of *Disguised Capital*
The notion "Disguised Capital" takes place within the Corporate Tax mechanism. The logic of the disguised capital is to provide fund to the corporation, especially to stock companies, such as limited liability, joint stock companies by entities with whom the company is in a close economic and legal relationship.
The loans are deemed as capital investments under disguised capital determinations. In this respect, the interest that the company paid for debt allowance is not accepted as an expense and is therefore taxed. Since, in fact, the sum of money paid to the loaning shareholder is a profit maker it is also taxed.
The problem lies here where it should be determined if a shareholder loan is simply for the good-will expense coverage or is it for tax evasion (***disguised capital***).
Problem of *Disguised Capital*
The notion "Disguised Capital" takes place within the Corporate Tax mechanism. The logic of the disguised capital is to provide fund to the corporation, especially to stock companies, such as limited liability, joint stock companies by entities with whom the company is in a close economic and legal relationship.
The loans are deemed as capital investments under disguised capital determinations. In this respect, the interest that the company paid for debt allowance is not accepted as an expense and is therefore taxed. Since, in fact, the sum of money paid to the loaning shareholder is a profit maker it is also taxed.
Discussion