noun
pass-through entity; look-through entity; fiscally transparent entity
Legal term for an entity whose income is taxed at the owner level rather than at the entity level. Used in tax law contexts.
日本では、導管実体としての信託が税務上重要な役割を果たす。
In Japan, trusts as pass-through entities play an important role in taxation.
導管実体に該当するかどうかは、租税条約の解釈によって異なる。
Whether it qualifies as a fiscally transparent entity depends on the interpretation of the tax treaty.
Refers to the taxation method itself (pass-through taxation), while 導管実体 is the entity that receives such treatment.
Compound of 導管 (conduit) and 実体 (entity), likely a direct translation of the English legal term 'pass-through entity' or 'conduit entity'.