Language Translation and Small and Medium Sized Enterprise in a Global Context
Foreign language translation and legal translation and interpreting services play an important role in international business and financial transactions. Recently the International Accounting Standards Board released its book of accounting rules for SMEs.
This publication was highly anticipated because how a SME is defined will have significant legal and tax consequences, particularly as more and more SMEs go global - thanks to the advance in technology. The issue arose because every country had a different definition for SME and were essentially creating tax havens for these companies by writing definitions that could include even the largest corporations.
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