Faktorsteuer

English translation: joint income taxation framework marginal tax burden calculation (Faktorverfahren)

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Faktorsteuer
English translation:joint income taxation framework marginal tax burden calculation (Faktorverfahren)
Entered by: Monika C

12:39 Jun 13, 2019
German to English translations [PRO]
Bus/Financial - Law: Taxation & Customs / Finance
German term or phrase: Faktorsteuer
This is from a lecture overview from a university course in finance (Finanzwissenschaft). I believe this term doesn't exist in English, and though there are references to it in German finance texts, I still am not quite sure how to translate this as finance is not my field of expertise. A client needs this translation to have his German degree in finance recognised in Australia.

The original is an overview:
Einkommensbesteuerung aus nationaler und internationaler Sicht:
International eingesetzte Faktoren
a. Faktor und Güterbesteuerung: Die Einkommensteuer als zentrale Faktorsteuer

Sure Faktoren just can't be translated with 'factors' here (as in 'internationally applied factors'), or
a. Taxation on factors and goods: income tax as a main factor tax ???

Does this sound about right?
Thanks in advance for your help!
Monika C
Local time: 21:14
joint income taxation framework marginal tax burden calculation (Faktorverfahren)
Explanation:
joint income taxation framework marginal tax burden calculation (Faktorverfahren)

source:

OECD Economic Surveys: Germany 2012
https://books.google.com/books?isbn=9264168702 -
OECD - 2012
Even though from 2010 onwards the wage tax takes into account the actual relationship between the incomes of the first- and the second-earner for the calculation of the marginal burden (Faktorverfahren), the negative incentive effects of the joint income taxation framework for total annual household income remain.
Selected response from:

andres-larsen
Venezuela
Local time: 06:14
Grading comment
3 KudoZ points were awarded for this answer



Summary of answers provided
3marginal-relief multiplier (e.g. 4 x4)-based tax
Adrian MM.
1joint income taxation framework marginal tax burden calculation (Faktorverfahren)
andres-larsen


Discussion entries: 1





  

Answers


1 hr   confidence: Answerer confidence 1/5Answerer confidence 1/5
joint income taxation framework marginal tax burden calculation (Faktorverfahren)


Explanation:
joint income taxation framework marginal tax burden calculation (Faktorverfahren)

source:

OECD Economic Surveys: Germany 2012
https://books.google.com/books?isbn=9264168702 -
OECD - 2012
Even though from 2010 onwards the wage tax takes into account the actual relationship between the incomes of the first- and the second-earner for the calculation of the marginal burden (Faktorverfahren), the negative incentive effects of the joint income taxation framework for total annual household income remain.

andres-larsen
Venezuela
Local time: 06:14
Native speaker of: Native in EnglishEnglish
PRO pts in category: 25

Peer comments on this answer (and responses from the answerer)
neutral  philgoddard: The question is about Faktorsteuer.
9 hrs
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4 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
marginal-relief multiplier (e.g. 4 x4)-based tax


Explanation:
'I believe this term doesn't exist in English' - likely that it does and has been lifted.

Faktor: a ratio or multiplier.

Couples for joint income assessment include not only married ones.

See Andre-L's answer for the fine detail.

Example sentence(s):
  • Durch das Faktorverfahren können sich für jeden Ehegatten oder Lebenspartner die steuerentlastenden Vorschriften direkt beim laufenden Lohnsteuerabzug auswirken.
  • Diesen Faktor wendet es auf die nach der Steuerklasse IV ermittelten Lohnsteuerabzugsbeträge als *MultiplikatorÜ an.

    Reference: http://www.finanztip.de/faktorverfahren-steuerklasse/
    Reference: http://www.ndtv.com/business/budget-2018-income-tax-rule-how...
Adrian MM.
Austria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 16
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