Global Lingo Activate Menu

Why using professional financial translators can save you £57.2 Million

Written by on

Using professional translators is vital, well of course we’re going to say that. Translation is one of the services Global Lingo supply to large and small businesses and public sector organisations.

But a recent dispute between HM Revenue and Customs and retail giant DSG International demonstrates why this is essential, as DSG was landed with a whopping GBP 52.7 Million fine for transfer pricing arrangements. This is when a multinational company moves its assets from country to country between its sites to reduce its tax bill in a given financial zone.

Multinational companies can easily fall foul of the law by failing to familiarise themselves with local tax regulations. Having crucial documents professionally translated by a financial translator is one way to avoid these issues. In a drive to cut costs many governments have stopped providing translated tax documentation so now it’s down to individual organisations to have these documents translated. And as ignorance is no defence, a professional translation is most definitely money well spent.

How can we help you?

  • This field is for validation purposes and should be left unchanged.
Vendor Summer Newsletter

Our news

Vendor Summer Newsletter

The Global Lingo Linguist Management Team is happy to release the fourth edition of the Linguist Newsletter. This issue introduces more of our team and focuses on Localisation Engineering and Minute-Taking Click here to view the Summer edition of the Linguist Newsletter.