Glossary entry (derived from question below)
Spanish term or phrase:
por concepto de canon
English translation:
in redistributed tax revenue from extractive industries
Added to glossary by
Lisa McCarthy
May 16, 2014 10:48
10 yrs ago
13 viewers *
Spanish term
Spain
Especialista de marketing
Native in: English 
Works in: Spanish to English, Catalan to English
por concepto de canon
Spanish to English
Social Sciences
Environment & Ecology
Low carbon development
Text from Peru, going into British English.
Talking about the problems/gaps with regard to low carbon development in Peru:
Problem:
- Insuficiente promoción de ciencia y tecnología e investigación
Proposed solution:
- Exigir a los gobiernos regionales y locales definir presupuesto para ciencia y tecnología
- Articular a los investigadores regionales (nivel subnacional) con los fondos para hacer investigación aplicada
- Auditar los fondos recibidos **por concepto de canon**
Talking about the problems/gaps with regard to low carbon development in Peru:
Problem:
- Insuficiente promoción de ciencia y tecnología e investigación
Proposed solution:
- Exigir a los gobiernos regionales y locales definir presupuesto para ciencia y tecnología
- Articular a los investigadores regionales (nivel subnacional) con los fondos para hacer investigación aplicada
- Auditar los fondos recibidos **por concepto de canon**
Proposed translations
(English)
| 4 +2 | in canon minero revenue / in (redistributed) mining tax revenue |
Charles Davis
|
| 3 | as pecuniary compensation/ as monetary compensation for natural resources exploitation |
cintynaomi (X)
|
Proposed translations
+2
1 hr
Selected
in canon minero revenue / in (redistributed) mining tax revenue
This is very tricky indeed. I started out thinking of fee or royalty, but the more you look into this the more complicated it gets.
To cut a long story short, this refers specifically to the so-called "canon minero", which is used to fund research:
"¿Qué hacen las universidades del Estado que reciben canon?
Las universidades públicas de Cusco, Áncash, Cajamarca y varias otras regiones reciben millonarias partidas. Es dinero para investigaciones, pero se le da otros usos"
http://elcomercio.pe/economia/peru/que-hacen-universidades-e...
"Como se sabe y según la Ley Nº 28077, publicada en setiembre de 2003, los gobiernos regionales reciben el 25% del total del canon minero distribuido al departamento, y están obligados a transferir el 20% del monto recibido a las universidades públicas de la región."
http://www.panoramacajamarquino.com/noticia/el-canon-minero-...
So what is the canon minero? It sounds as though it must mean mining fees or mining royalties, but it doesn't. Mining royalties exist in Peru and are called regalías; they're essentially a fee. There are also all kinds of mining taxes, including the recently introduced special mining tax and special mining levy. It's incredibly complicated. But the canon minero is a particular device which actually means a certain percentage of the ordinary corporate income tax paid by mining companies that is redistributed to the mining areas, including, as just noted, to universities.
This explains the difference:
"the canon minero. The canon minero is part of the regular corporate tax revenue paid by mining companies to government. This tax is currently 30 % of profits. The term canon minero does not imply an additional tax payment by the companies. Rather it refers to the special arrangements for the geographical redistribution of the corporate tax that is paid on income generated by mineral extraction. In this arrangement fifty percent of tax paid returns to sub-national governments in the area influenced by the mine paying the taxes (Figure 5).
royalties, 100 % of which flow back to subnational governments in the area influenced by the mine (Figure 5). Royalties are essentially a payment by the company to the government for the use of natural resources located within that country. Royalties are negotiated at somewhere between 1 and 3 % of production value, though some companies in Peru have negotiated arrangements with zero royalty arrangements for a given period (meaning that in those instances Peru is essentially giving away its resources)."
http://www.perusupportgroup.org.uk/files/fckUserFiles/file/K...
Now apart from those who wrongly call the "canon minero" a mining royalty, there are quite a lot of people, even in quite respectable places, who calque it in English as the "mining canon". But I'm sorry; I can't bring myself to do this. "Canon" in English doesn't mean a sum of revenue in any other context; it's nonsense really. I agree with those, including the Peru Support Group whose document I've just quoted, who leave it in Spanish as the "canon minero". I don't think we have a term in English for precisely this.
Here is another good source that does this:
"Pathway 3: Taxes, royalties and fiscal redistribution (canon minero)
[...]
Translation of mining into development requires legitimate, responsive and careful governance arrangements: the canon is not enough"
http://www.sed.manchester.ac.uk/research/andes/publications/...
So I'd say "canon minero revenue", putting "canon minero" in italics (or in inverted commas if you can't use italics). Alternatively, you could just say "in mining tax revenue", which is not incorrect.
--------------------------------------------------
Note added at 1 hr (2014-05-16 12:04:13 GMT)
--------------------------------------------------
In fact rather than "mining tax revenue" it would be more accurate to say "tax revenue from mining", since the money is not from a mining tax as such but simply ordinary tax derived from mining activity.
--------------------------------------------------
Note added at 2 hrs (2014-05-16 13:19:50 GMT)
--------------------------------------------------
OK then, Lisa, perhaps better make it just "canon revenue", if you think that'll be understood, or maybe "(redistributed) tax revenue from extractive industries". I don't know whether the "canon" that's used to finance research is just from mining or from all extractive industries, but it's probably the latter. It's from whatever the Ley del Canon (2001 and amendments) covers, and that's probably all these industries, though when it was first passed it was just mining.
--------------------------------------------------
Note added at 2 hrs (2014-05-16 13:29:36 GMT)
--------------------------------------------------
There are actually six cánones: minero, petrolero, gasífero, hidroenergético, pesquero and forestal. University research is funded by all but one of them, the canon petrolero. Details here (even though this document is entitled "Canon minero y universidades públicas"):
http://www.concytec.gob.pe/portalsinacyt/images/stories/corc...
To cut a long story short, this refers specifically to the so-called "canon minero", which is used to fund research:
"¿Qué hacen las universidades del Estado que reciben canon?
Las universidades públicas de Cusco, Áncash, Cajamarca y varias otras regiones reciben millonarias partidas. Es dinero para investigaciones, pero se le da otros usos"
http://elcomercio.pe/economia/peru/que-hacen-universidades-e...
"Como se sabe y según la Ley Nº 28077, publicada en setiembre de 2003, los gobiernos regionales reciben el 25% del total del canon minero distribuido al departamento, y están obligados a transferir el 20% del monto recibido a las universidades públicas de la región."
http://www.panoramacajamarquino.com/noticia/el-canon-minero-...
So what is the canon minero? It sounds as though it must mean mining fees or mining royalties, but it doesn't. Mining royalties exist in Peru and are called regalías; they're essentially a fee. There are also all kinds of mining taxes, including the recently introduced special mining tax and special mining levy. It's incredibly complicated. But the canon minero is a particular device which actually means a certain percentage of the ordinary corporate income tax paid by mining companies that is redistributed to the mining areas, including, as just noted, to universities.
This explains the difference:
"the canon minero. The canon minero is part of the regular corporate tax revenue paid by mining companies to government. This tax is currently 30 % of profits. The term canon minero does not imply an additional tax payment by the companies. Rather it refers to the special arrangements for the geographical redistribution of the corporate tax that is paid on income generated by mineral extraction. In this arrangement fifty percent of tax paid returns to sub-national governments in the area influenced by the mine paying the taxes (Figure 5).
royalties, 100 % of which flow back to subnational governments in the area influenced by the mine (Figure 5). Royalties are essentially a payment by the company to the government for the use of natural resources located within that country. Royalties are negotiated at somewhere between 1 and 3 % of production value, though some companies in Peru have negotiated arrangements with zero royalty arrangements for a given period (meaning that in those instances Peru is essentially giving away its resources)."
http://www.perusupportgroup.org.uk/files/fckUserFiles/file/K...
Now apart from those who wrongly call the "canon minero" a mining royalty, there are quite a lot of people, even in quite respectable places, who calque it in English as the "mining canon". But I'm sorry; I can't bring myself to do this. "Canon" in English doesn't mean a sum of revenue in any other context; it's nonsense really. I agree with those, including the Peru Support Group whose document I've just quoted, who leave it in Spanish as the "canon minero". I don't think we have a term in English for precisely this.
Here is another good source that does this:
"Pathway 3: Taxes, royalties and fiscal redistribution (canon minero)
[...]
Translation of mining into development requires legitimate, responsive and careful governance arrangements: the canon is not enough"
http://www.sed.manchester.ac.uk/research/andes/publications/...
So I'd say "canon minero revenue", putting "canon minero" in italics (or in inverted commas if you can't use italics). Alternatively, you could just say "in mining tax revenue", which is not incorrect.
--------------------------------------------------
Note added at 1 hr (2014-05-16 12:04:13 GMT)
--------------------------------------------------
In fact rather than "mining tax revenue" it would be more accurate to say "tax revenue from mining", since the money is not from a mining tax as such but simply ordinary tax derived from mining activity.
--------------------------------------------------
Note added at 2 hrs (2014-05-16 13:19:50 GMT)
--------------------------------------------------
OK then, Lisa, perhaps better make it just "canon revenue", if you think that'll be understood, or maybe "(redistributed) tax revenue from extractive industries". I don't know whether the "canon" that's used to finance research is just from mining or from all extractive industries, but it's probably the latter. It's from whatever the Ley del Canon (2001 and amendments) covers, and that's probably all these industries, though when it was first passed it was just mining.
--------------------------------------------------
Note added at 2 hrs (2014-05-16 13:29:36 GMT)
--------------------------------------------------
There are actually six cánones: minero, petrolero, gasífero, hidroenergético, pesquero and forestal. University research is funded by all but one of them, the canon petrolero. Details here (even though this document is entitled "Canon minero y universidades públicas"):
http://www.concytec.gob.pe/portalsinacyt/images/stories/corc...
Note from asker:
| Thanks, Charles. My text talks about extractive industries in general, be it mining, timber, etc. |
Peer comment(s):
| agree |
Suzanne Donnelly
: this is it!
12 mins
|
|
Thanks, Suzanne! But if the canon forestal is also involved (which I didn't realise) then it had better be either "in canon revenue" or "in (redistributed) tax revenue from mining and forestry", or something like that.
|
|
| agree |
patinba
2 hrs
|
|
Many thanks, Pat!
|
4 KudoZ points awarded for this answer.
Comment: "Thanks, Charles!"
52 mins
as pecuniary compensation/ as monetary compensation for natural resources exploitation
Suggestion
http://lema.rae.es/drae/?val=canon
5. m. Prestación pecuniaria periódica que grava una concesión gubernativa o un disfrute en el dominio público, regulado en minería según el número de pertenencias o de hectáreas, sean o no explotadas.
6. m. Percepción pecuniaria convenida o estatuida para cada unidad métrica que se extraiga de un yacimiento o que sea objeto de otra operación mercantil o industrial, como embarque, lavado, calcinación, etc.
Ejemplo:
http://www.scribd.com/doc/208764850/Canon-Minero-y-Decisione...
En muchas economías las transferencias intergubernamentales cumplen una función de equiparar los
niveles de desarrollo entre las distintas regiones de los países, por lo cual es de esperar que aquellas más
retrasadas reciban proporcionalmente mayores fondos.
Otro ejemplo: “Hay municipios que manejan grandes fondos por canon y no hay una distribución equitativa dentro de una misma región. Hay regiones con distritos que no saben qué hacer con la plata y tienen al costado uno con necesidades”, declaró a la Agencia Andina. (http://www.andina.com.pe/espanol/noticia-ica-una-las-regione...
http://lema.rae.es/drae/?val=canon
5. m. Prestación pecuniaria periódica que grava una concesión gubernativa o un disfrute en el dominio público, regulado en minería según el número de pertenencias o de hectáreas, sean o no explotadas.
6. m. Percepción pecuniaria convenida o estatuida para cada unidad métrica que se extraiga de un yacimiento o que sea objeto de otra operación mercantil o industrial, como embarque, lavado, calcinación, etc.
Ejemplo:
http://www.scribd.com/doc/208764850/Canon-Minero-y-Decisione...
En muchas economías las transferencias intergubernamentales cumplen una función de equiparar los
niveles de desarrollo entre las distintas regiones de los países, por lo cual es de esperar que aquellas más
retrasadas reciban proporcionalmente mayores fondos.
Otro ejemplo: “Hay municipios que manejan grandes fondos por canon y no hay una distribución equitativa dentro de una misma región. Hay regiones con distritos que no saben qué hacer con la plata y tienen al costado uno con necesidades”, declaró a la Agencia Andina. (http://www.andina.com.pe/espanol/noticia-ica-una-las-regione...
Reference:
Note from asker:
| Thanks for your help! |
Reference comments
1 hr
Reference:
canon forestal, canon minero en Peru
AIDESEP also demanded that 50% of the "canon forestal" from the Amazon regions be invested in technical assistance to indigenous communities for the development of their own forestry management programs. The canon forestal is the share of taxes on timber concessions to be invested locally, similar to the canon minero at issue in Peru's sierras. (AIDESEP, Nov. 22)
http://ww4report.com/node/11724
http://tinyurl.com/mdudxlv
El Canon Forestal, es la participación de la que gozan las circunscripciones del pago de los derechos de aprovechamiento de los productos forestales y de fauna silvestre, así como de los permisos y autorizaciones que otorgue la autoridad competente. Entre enero de 1997 y mayo del 2002, el Canon Minero estuvo constituido por el 20% del Impuesto a la Renta pagado por los titulares de la actividad minera. Sin embargo, en los cálculos de los importes que regirán desde junio del 2002, dicho porcentaje se incrementó a 50% según lo establece la Ley de Canon (Ley N° 27506)
http://www.mef.gob.pe/index.php?option=com_content&view=arti...
http://ww4report.com/node/11724
http://tinyurl.com/mdudxlv
El Canon Forestal, es la participación de la que gozan las circunscripciones del pago de los derechos de aprovechamiento de los productos forestales y de fauna silvestre, así como de los permisos y autorizaciones que otorgue la autoridad competente. Entre enero de 1997 y mayo del 2002, el Canon Minero estuvo constituido por el 20% del Impuesto a la Renta pagado por los titulares de la actividad minera. Sin embargo, en los cálculos de los importes que regirán desde junio del 2002, dicho porcentaje se incrementó a 50% según lo establece la Ley de Canon (Ley N° 27506)
http://www.mef.gob.pe/index.php?option=com_content&view=arti...
Note from asker:
| Thanks for the refs, Suzanne! |
Discussion
Canon does mean revenue from extractive industries, but personally I think it would be better to say tax revenue than just revenue. And I don't think you should elide "fondos recibidos"; better "Audit funds received in tax revenue/restributed tax revenue/canon revenue from extractive industries", IMHO.
After all, if you reduce it to "audit revenue", it would mean auditing all the tax paid by extractive industry, whereas it actually means auditing the part that universities receive for research. And the auditing part may well have something to do with the first source I cited: the idea that this money, earmarked for research, is actually being spent by the universities on other things.