Glossary entry (derived from question below)
Italian term or phrase:
incapienza in sede di conguaglio
English translation:
Final balance insufficient.
Added to glossary by
Richard Fowler
Mar 2, 2007 09:41
17 yrs ago
26 viewers *
Italian term
Impeccable English
Native in: English
Works in: Italian to English, French to English, Danish to English
incapienza in sede di conguaglio
Italian to English
Bus/Financial
Law: Taxation & Customs
Hi. This is a heading on the CUD 2006 form.
Has me stumped. Any help much appreciated.
Has me stumped. Any help much appreciated.
Proposed translations
(English)
| 3 +1 | Final balance insufficient. |
James (Jim) Davis
|
Proposed translations
+1
1 hr
James (Jim) Davis
Seychelles
Seychelles
Native in English
Works in field
Seychelles
25 years experience constantly improving
Native in: English (Variant: British) 
Works in: Italian to English
Related KudoZ points
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299
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Final balance insufficient.
Final balance insufficient.
It means that if you add up what you are allowed to deduct from your final tax bill, you pay so little tax, because you earn so little that you are allowed to deduct much more than you actually pay.
It means that if you add up what you are allowed to deduct from your final tax bill, you pay so little tax, because you earn so little that you are allowed to deduct much more than you actually pay.
4 KudoZ points awarded for this answer.
Comment: "That's it Jim, many thanks. I had understood the concept but couldn't come up with the right term to describe. Thanks again. Richard."
Discussion
Tre limiti del sistema. Accade oggi che chi è povero, e paga un’imposta minima o nulla, non può beneficiare di eventuali agevolazioni legate ad es. alle spese di produzione del reddito o a carichi familiari, per il fatto che in Italia l’imposta può essere al minimo pari a zero. Se l’agevolazione, in termine di risparmio d’imposta, è maggiore dell’Irpef già pagata, allora si perde in tutto o in parte il vantaggio attribuito dallo Stato al cittadino.
Si tratta del famoso problema della “incapienza”, che colpisce solo i redditi più bassi e perciò attenua sensibilmente l’azione redistributiva dell’Irpef.