The Value of Patents: Global Corporate Taxation Rules

Transnational companies usually try to reduce their taxes by shifting their profits offshore. They set up subsidiaries in countries like Switzerland that impose lower tax rates. Such activities have become problematic because it is more difficult to enforce tax rules internationally. Companies do not always exchange commodities. Rather, their financial transactions involve the exchange of patents and trademarks. They can render patent translation services to share their intangible assets with the related firms, but authorities cannot capture the market value of intellectual property even when patents have been translated. It is almost impossible to establish a market price for intangible assets such that businesses can avoid millions of dollars in taxes. Nevertheless, it is important for any company to choose a well-qualified patent translator.

Although such multinational companies claim that they have a compelling business reason to establish a subsidiary in a foreign country, they usually do so merely to avoid paying higher tax rates. The translators at California Center for Translation & Interpretation have the knowledge and skill required for a multinational entity to set up a subsidiary in another country. Our professional translators can translate agreements, tax forms, business plans, etc. Furthermore, they translate patents with extreme attention to detail. If you are planning to park your profits in Switzerland they can also translate documents related to intellectual property into French, Italian, and German. They carefully review your patents and translate them into the target language. They use their knowledge in the legal field to translate your patents and deliver high-quality work to you.

They do their best to find the right words in the target language such that the translation sounds natural and professional. We are certain that you will be impressed with our patent translations no matter where you choose to create a subsidiary. Furthermore, anyone who serves as your point of contact will definitely provide top-notch customer support. They will promptly respond to your written correspondences and ask you questions that help us better assist you. We might ask to see a copy of the patent before we can provide a quote. Please email us a copy of all the business documents and patents that you would like translate, and an agent will get back to you with a quote. We would be happy to answer your questions about our patent translation services. Please feel free to contact us if you have documents related to intellectual property that you need translated. You can drop off a hard copy of your patents at our office in Los Angeles.

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