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SOMMERSO D'AZIENDA

English translation: off-the-books

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Italian term or phrase:SOMMERSO D'AZIENDA
English translation:off-the-books
Entered by: RProsser
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15:17 Nov 6, 2008
Italian to English translations [PRO]
Bus/Financial - Finance (general)
Italian term or phrase: SOMMERSO D'AZIENDA
IN THE CONTEXT OF AN ANNUAL REPORT AGAIN, CAN'T IMAGINE THE BUSINESS IS UNDERWATER!!
RProsser
Local time: 07:01
off-the-books
Explanation:
sommerso usually means underground or illegal activity, e.g. lavoro sommerso - illegal-off-the-books employment

Strange to have a reference to this in accounts!
Selected response from:

John Mifsud
Malta
Local time: 08:01
Grading comment
THATS WHAT I THOUGHT AND AM NOW FINDING MORE REFERENCES TO TAX EVASION. PERHAPS THE PREVIOUS TERM DID MEAN THAT AFTER ALL
4 KudoZ points were awarded for this answer

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Summary of answers provided
4 +1off-the-books
John Mifsud


Discussion entries: 1





  

Answers


5 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
off-the-books


Explanation:
sommerso usually means underground or illegal activity, e.g. lavoro sommerso - illegal-off-the-books employment

Strange to have a reference to this in accounts!

John Mifsud
Malta
Local time: 08:01
Specializes in field
Native speaker of: Native in EnglishEnglish, Native in MalteseMaltese
PRO pts in category: 24
Grading comment
THATS WHAT I THOUGHT AND AM NOW FINDING MORE REFERENCES TO TAX EVASION. PERHAPS THE PREVIOUS TERM DID MEAN THAT AFTER ALL

Peer comments on this answer (and responses from the answerer)
agree  Susan Gastaldi
42 mins
  -> Thanks Susan
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