Translation of "Stillen reserven" in English

This transfer of hidden reserves can take place in two ways.

Perhaps you failed to take into account my hidden assets.

The hidden reserves from the standing wood will be disclosed and subject to tax.

Surely everybody realizes that the days of hidden reserves must come to an end at some time in the future.

The atypical silent partner is also involved in the assets and the hidden reserves.

The bank does not at the moment have any latent reserves or other financial resources that would absorb larger losses during the restructuring period.

To sum up, BB has, by its own efforts, run down all its hidden reserves and has in the last three years reduced staff costs by EUR 1 million and materials costs by 10 %.

In order to allow such division to take place under the best possible conditions, it is desirable to permit Member States, in accordance with Community rules of competition law, to provide for appropriate tax arrangements, in particular with regard to the capital gains such division could entail.

A capital tax (Kapitalsteuer), which according to Section 76 of the Tax Act is levied against paid-up capital stock, joint stock, share capital, and initial capital as well as the reserves of a company constituting company equity.

At the end of the company’s financial year (generally on 31 December) companies located in Liechtenstein also pay a capital tax (‘Kapitalsteuer’) on the paid-up capital stock, joint stock, share capital, or initial capital as well as the reserves of the company constituting company equity at a rate of 0,2 % [36].

Furthermore, the existing loophole which effectively permitted double-counting by including in future profits, the contribution from hidden reserves on the asset-side is eliminated.

Hidden reserves may on the other hand be included if they are part of the solvency margin.

This proposal provided for a re-distribution of the increase of WestLB's open and hidden reserves from 1992 to 1998 between the existing owners, granting the Land Northrhine-Westfalia a larger share in this value increase of the bank.

If the new assets are reinvested in a foreign permanent establishment, the hidden reserves cannot be transferred and are thus taxed immediately.

In an addendum adopted on 21 April 1997 to the contract of 22 December 1992, it was laid down that, in the event of a reassignment, any increase in undisclosed reserves brought about by a readjustment of the WK aid scheme would accrue not to HLB but to FHH.

The Land of Hessen, like any typical silent partner, participated, under the contract on the setting up of the silent partnership, only in Helaba's current profit and loss, but not in its undisclosed reserves, nor in the business value and increases in value in the operating assets.

Objective: firstly, to underline the importance of the professional qualification and independence of insurance brokers; secondly, to confirm Member States' freedom to introduce speci­fic tax arrangements covering the dividingup of composite companies, particularly as regards the taxation of capital gains.

On 28 February 1992, Deutsche Shell transferred the assets of its permanent establishment to an Italian subsidiary, Sierra Gas Srl, a transaction for which it had to reveal its hidden reserves.

Due to tax reforms of the previous years undisclosed reserves that had been built up over generations were used up.

As the laws of the individual Member States stand at present, a cross­border merger wi 11 as a ru le expose a transferring com­pany's hidden reserves to tax — a disadvantage which is enough to deter interested companies from this form of co­operation at European level.

Kingdom. The Legal Affairs Committee considers that its formulation is a much more pragmatic and satisfactory solution than the Commission's attempt to permit hidden reserves to all financial institutions.