Although U.S. Commerce Secretary Wilbur Ross had termed a provision of the USMCA as a “poison pill”, Mexico and China have agreed to interpret it differently: they have emphasized that it does not impact bilateral trade relations between countries that… Read More ›
provisions
Royal Bank of Scotland agrees to pay $4.9 billion to settle probe by the U.S. Justice Department
The bulk of the $4.9 billion settlement amount has already been provisioned for; as for the balance amount of $1.44 billion, RBS has agreed to take an incremental charge in 2018’s second quarter. The Royal Bank of Scotland Group Plc… Read More ›
A brief outlook on the impact of the U.S. tax code on Apple Inc
Analysts opine, the revised repatriation rules are likely to be the pivot in Apple’s cash strategy. With the U.S. Congress passing the Republican-led tax overhaul bill, one of Apple’s long standing goal of repatriating $252.3 billion in foreign cash without… Read More ›