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|Italian to English translations [PRO]|
|Italian term or phrase: riserva utili portati a nuovo|
|"...destinando ad apposita riserva vincolata da utilizzare nel caso in cui venga esercitata la conversione, parte della Riserva utili portati a nuovo..."|
|English translation:Deferred Profits Fund|
This fund is used for tax purposes when the company wants to have the year's net profits taxed in the future when its income will be lower.
Ciao, Pat C
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Local time: 10:34
|Thanks again Pat! Michelle|
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