candado fiscal

English translation: tax-avoidance safeguard

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:candado fiscal
English translation:tax-avoidance safeguard
Entered by: Manuel Aburto

20:40 Apr 22, 2020
Spanish to English translations [PRO]
Law/Patents - Law: Taxation & Customs / Taxation
Spanish term or phrase: candado fiscal
Hola nuevamente,

A continuación, un extracto del documento que estoy traduciendo:

1. Elusión Fiscal: Vinculada especialmente a la acción de eludir obligaciones tributarias. Esta acción en principio se supone que es lícita, pues supone que los Contribuyentes buscan utilizar los tax loopholes ó vacíos legales de las normas fiscales para poder apertrechar sus estrategias fiscales.

En este supuesto muchas veces y fácilmente se puede pasar de estar en un supuesto no regulado por la norma a una simulación de actos jurídicos, por lo tanto, es imperativo que los Estados regulen a través de ***Candados Fiscales***, el uso de estrategias de planificación fiscal a través de normas como son el Principio de Realidad Económica y el Incremento Injustificado de Patrimonio para ajustes del Impuesto sobre la Renta.

-------------------
En mi humilde opinión, no creo que se estén refiriendo al dispositivo [customs seal] para asegurar contenedores.

Quizas Firm/set tax regulations/standards?

Agradezco, desde ya, todos sus aportes.
Manuel Aburto
Nicaragua
Local time: 01:36
tax-avoidance safeguard
Explanation:
The source text is talking about "candados tributarios" such as the "Principio de Realidad Económica" and the "Incremento Injustificado de Patrimonio para ajustes del Impuesto sobre la Renta," so the "candados" in question are clearly designed to fix loopholes in the tax legislation. I think "safeguard" or "constraint" work well here, but I think you need to explain what the safeguards are designed to do, hence "tax avoidance safeguard," but it could equally be a "tax evasion safeguard" depending on how you look at it.

"If the existing legislation covering Deeds of Variation is fit for purpose and HMRC's tax avoidance safeguards are in place then is George Osborne's announcement of a review of Deeds of Variation simply a way to embarrass the leader of the opposition in the run up to the General Election?"
https://www.wrigleys.co.uk/news/professional-advisers/deeds-...

"and brief coverage of legislative tax-avoidance safeguards relating to collapsible corporations, personal holding companies, and unreasonable corporate accumulations of earnings."


Selected response from:

Robert Carter
Mexico
Local time: 01:36
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1tax lock
David Hollywood
3tax risk management /controls
Juan Arturo Blackmore Zerón
3(Mex./ Nic.) backdated /taxing statute/ loophole plug
Adrian MM.
3restrictive tax rules
patinba
3tax-avoidance safeguard
Robert Carter
Summary of reference entries provided
Tomasso
Rebecca Jowers
Comments only
Taña Dalglish

Discussion entries: 11





  

Answers


41 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
tax risk management /controls


Explanation:
https://www.pwc.com/gx/en/tax-management-strategy/pdf/tax-ri...

Juan Arturo Blackmore Zerón
Mexico
Local time: 02:36
Native speaker of: Spanish
PRO pts in category: 4
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7 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
tax lock


Explanation:
RIPLE THREAT Boris Johnson reveals triple tax lock to will freeze income tax, VAT & National Insurance for 5 YEARS in Tory manifesto
Patrick Knox

--------------------------------------------------
Note added at 7 hrs (2020-04-23 04:21:01 GMT)
--------------------------------------------------

Triple Tax Lock. In Economy. A majority Conservative government will guarantee: No rise to Income Tax No rise to National Insurance ...

David Hollywood
Local time: 04:36
Native speaker of: English
PRO pts in category: 150

Peer comments on this answer (and responses from the answerer)
agree  Lydia De Jorge: Perfect fit.
13 hrs
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13 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
(Mex./ Nic.) backdated /taxing statute/ loophole plug


Explanation:
The only problem with backdated or retrospective is that, by international convention, legislation - except in exceptional circumstance like proecution of war crimes - cannot be mad retroactive.

Otherwise, I have also noticed Taña's sources.

cf. candado: (Mex.) limiting clause (in legislation: West); predating clause (of a legilsative bill: Butterworths) > 'clause which fixes the *effectve* date of the proposal at an earlier date'.

Nowt to do with 50 Cent's Candy Store hit record. though there are stop tax-dodgers' 'help-yourself parallels'.

Example sentence(s):
  • Plug tax loopholes before fighting illegal financial flows

    Reference: http://unctad.org/en/pages/newsdetails.aspx?OriginalVersionI...
Adrian MM.
Austria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 72
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17 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
restrictive tax rules


Explanation:
The context seems to be stating that the government needs to introduce rules to close tax loopholes to prevent then from being used to lower income tax. "Tax locks" in the UK sense at least refers to the locking or freezing of tax rates, which is not quite the same thing.

patinba
Argentina
Local time: 04:36
Native speaker of: Native in EnglishEnglish
PRO pts in category: 251
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1 day 21 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
tax-avoidance safeguard


Explanation:
The source text is talking about "candados tributarios" such as the "Principio de Realidad Económica" and the "Incremento Injustificado de Patrimonio para ajustes del Impuesto sobre la Renta," so the "candados" in question are clearly designed to fix loopholes in the tax legislation. I think "safeguard" or "constraint" work well here, but I think you need to explain what the safeguards are designed to do, hence "tax avoidance safeguard," but it could equally be a "tax evasion safeguard" depending on how you look at it.

"If the existing legislation covering Deeds of Variation is fit for purpose and HMRC's tax avoidance safeguards are in place then is George Osborne's announcement of a review of Deeds of Variation simply a way to embarrass the leader of the opposition in the run up to the General Election?"
https://www.wrigleys.co.uk/news/professional-advisers/deeds-...

"and brief coverage of legislative tax-avoidance safeguards relating to collapsible corporations, personal holding companies, and unreasonable corporate accumulations of earnings."




Robert Carter
Mexico
Local time: 01:36
Native speaker of: Native in EnglishEnglish
PRO pts in category: 84
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Reference comments


41 mins
Reference

Reference information:
http://bajio.delasalle.edu.mx/delasalle/contenidos/revistas/...

De manera que el IETU es un impuesto sobre el flujo de efectivo (2). ... De esto, podemos decir entonces que ****el IETU es como un candado al ISR para ... a que hace menos rentables las planeaciones fiscales*** en el ISR y le pone un piso a los ...

De la declaración de Alicia Bárcena, secretaria ejecutiva de la Comisión Económica para América Latina y el Caribe (CEPAL) organismo dependiente de la Organización de las Naciones Unidas responsable de promover el desarrollo económico y social de la región, estuvo de visita en nuestro país y declaró que "por su baja recaudación, alta evasión y gran cantidad de exenciones fiscales, México es, de facto, un paraíso fiscal". Asimismo, abundó en que "cuando digo que hay un paraíso fiscal de facto es porque México es un país que tributa muy poco, la carga tributaria no se eleva más allá de 11%" (11). Es por esto, que México se vio en la necesidad de establecer **candados **para así evitar (o por lo menos tratar de evitar) que las personas tanto** físicas*** como las morales dejen de tributar



--------------------------------------------------
Note added at 42 mins (2020-04-22 21:23:13 GMT)
--------------------------------------------------

New to me, yo hice las frases, no se un termino exacto.

Example sentence(s):
  • El gobierno de Mexico va revisar proximamente ley de Candados en cuanto a las aduanas .
  • Candados fiscales son leyes y requisotos que apartan fondos antes de los procesos, para mas o menos sacarles impuestos primeros, ...evitando loopholes,
Tomasso
United States
Native speaker of: Native in EnglishEnglish
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16 hrs peer agreement (net): +2
Reference

Reference information:
This may be applicable to your text:

https://www.gov.uk/government/publications/tax-lock-income-t...

Rebecca Jowers
Spain
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 88

Peer comments on this reference comment (and responses from the reference poster)
agree  Taña Dalglish: Nice reference, Rebecca. From last night, I laboured with this question, so much so I asked the Asker to check with the drafter who I understand is from Nicaragua. I too thought long and hard about tax lock! Good find! Stay very safe too!
7 mins
  -> Thanks, Taña. Stay safe too!
agree  Lydia De Jorge
4 hrs
  -> Gracias, Lidia
neutral  Robert Carter: Hi Rebecca. My sense is that "candados" are policies that prevent tax avoidance through built-in obstacles, such as requiring electronic transactions, rather than locking tax rates in place.
6 hrs
  -> Yes, I think you're right for this context. This is not a locked-in tax rate
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1 day 7 hrs
Reference: Comments only

Reference information:
@ Robert Carter:

Dear Robert:

1. Did you see that I had posted this: https://www.proz.com/kudoz/spanish-to-english/law-patents/76... in the discussion box? [Entry from 2004 - candados (incorporados a la ley) - provisos). Other options provided: (clauses, safeguards, constraints (personally I don't think these are accurate).

definitions of "candado" from the DRAE 2) col. cláusula de un proyecto de ley, ratificado en ella, que fija o retrotrae su vigencia desde la presentación de tal proyecto.

2. While I did extensive research last night, I did not post anything definitive as I took looked into "tax lock". However, I questioned it & myself, given the fact that I asked, and I was told by the Asker that the document was drafted by a Nicaraguan Attorney (for Nicaragua), and tax lock appeared to me to be more applicable in a British context, at least those I looked at last night (and confirmed by Rebecca's today).

Regards and stay VERY safe!

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Note added at 1 day 7 hrs (2020-04-24 04:13:56 GMT)
--------------------------------------------------

Argh, apologies. 2. ...as I too looked into "tax lock".

Taña Dalglish
Jamaica
Native speaker of: English
PRO pts in category: 82
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