Tributos y Consorcio

English translation: Taxes and Insurance Consortium surcharge

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:Tributos y Consorcio
English translation:Taxes and Insurance Consortium surcharge
Entered by: patinba

21:46 Nov 19, 2020
Spanish to English translations [PRO]
Bus/Financial - Insurance
Spanish term or phrase: Tributos y Consorcio
In an insurance billing statement, as part of the breakdown of the payment.

Tributos - obviously taxes. But "consorcio"?
Alan Lambson
Local time: 05:50
Taxes and Insurance Consortium surcharge
Explanation:
Rather than an expense, it is an additional tax in Spain.

The Insurance Compensation Consortium (Spanish: Consorcio de Compensación de Seguros, CCS) is a compulsory Government catastrophic risk insurance in Spain. It is an insurance tax charged on prescribed classes of insurance issued by private insurers, providing cover against a series of extraordinary perils and "political risks”
Selected response from:

patinba
Argentina
Local time: 08:50
Grading comment
Thanks!
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1taxes and (insurance) syndicate expenses
Francois Boye
4Taxes and Insurance Consortium surcharge
patinba
3taxes and fees
Steven Huddleston
3taxes and partnership
Lisa Rosengard


  

Answers


8 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
taxes and fees


Explanation:
I am assuming that they mean the membership fees for some legal association(s) that may be required (and therefore deductible) by law.


    https://dle.rae.es/consorcio
Steven Huddleston
Mexico
Local time: 05:50
Works in field
Native speaker of: Native in EnglishEnglish, Native in SpanishSpanish
1 corroborated select project
in this pair and field What is ProZ.com Project History(SM)?
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44 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
taxes and (insurance) syndicate expenses


Explanation:
https://www.investopedia.com/terms/s/syndicate.asp

Francois Boye
United States
Local time: 07:50
Native speaker of: Native in FrenchFrench
PRO pts in category: 20

Peer comments on this answer (and responses from the answerer)
agree  Adrian MM.: (horizontal multiple) co-insurers' pool contribution or (vertical single) reinsurer's quota share https://eng.proz.com/personal-glossaries/entry/18257900-cons...
1 hr
  -> Thanks!

neutral  philgoddard: I think you need Spanish references.
9 hrs
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2 days 1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5
taxes and partnership


Explanation:
A consortium is an association of business firms.

Lisa Rosengard
United Kingdom
Local time: 11:50
Native speaker of: English
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2 days 17 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
Taxes and Insurance Consortium surcharge


Explanation:
Rather than an expense, it is an additional tax in Spain.

The Insurance Compensation Consortium (Spanish: Consorcio de Compensación de Seguros, CCS) is a compulsory Government catastrophic risk insurance in Spain. It is an insurance tax charged on prescribed classes of insurance issued by private insurers, providing cover against a series of extraordinary perils and "political risks”

patinba
Argentina
Local time: 08:50
Native speaker of: Native in EnglishEnglish
PRO pts in category: 186
Grading comment
Thanks!
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