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Gewerbesteuer

trade tax; municipal business tax

noun geh-VER-beh-stoy-er Rare
People & Society Money

Usage Note

Gewerbesteuer is a German municipal tax on business income, levied by each Gemeinde (municipality) at a locally set Hebesatz (multiplier). It is a major revenue source for cities. Companies pay it in addition to Körperschaftsteuer.

Examples

"Die Gewerbesteuer ist je nach Standort der Stadt unterschiedlich hoch."

Natural Translation

The trade tax varies in amount depending on the location of the city.

Literal Translation

The trade-tax is depending-on the location of the city differently high.

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