The PCmaker, a unit of Legend Holdings, stated that the payment, related to its U.S. deferred tax assets, would not significantly impact its cash position nor its operations. The Lenovo Group Ltd has disclosed that it expects to make a… Read More ›
U.S. Tax Code
British energy giant BP set to gain from overhaul of U.S. tax reforms
Large oil firms, including BP and Shell are expected to benefit from changes made to the U.S tax code. On Tuesday, BP stated it expects a positive outcome from the recent changes in the U.S. tax law on its future… Read More ›
Barclays to write-down $1.34 billion as a result of the overhaul of the U.S. tax code
Significantly, its Tier 1 capital ratio is also impacted by the overhaul. British lending giant Barclays disclosed that it expects to write-down nearly $1.34 billion (1 billion pounds) from its annual post-tax profit as a result of the U.S. tax… Read More ›
Proposed Tax bill will have to deal with double taxation avoidance and WTO rules before it becomes law
A theory that is doing the rounds is that the bill perhaps aims to set off the promise of additional revenue against hopes that the new tax regime may entice MNCs to locate more production and jobs to the U.S.,… Read More ›
The proposed tax bill is likely to undergo change before it becomes law
The likelihood of the Republican tax bill undergoing change is high since the House tax bill aims to not only cut taxes, which by itself is hard, but is also taking on provisions that are specific to certain industries, which… Read More ›
U.S. President Donald Trump clears significant hurdle for U.S. tax code overhaul
The tax-cut strategy calls for a reduction of corporate taxes from its existing 35% down to 20%. In a significant development, U.S President Donald Trump’s push to overhaul the U.S. tax code cleared a significantly hurdle with the Senate approving… Read More ›
Tax Reform framework to be released in September: White House
The skeletal framework will not be accompanied by any tax legislation. Instead, it will act as a foundation for a tax bill. According to three sources familiar with the matter at hand, the White House plans on releasing a brief… Read More ›
Viacom tweaks bond language eyeing taw law reforms on the horizon
Attractive terms for Viacom’s hybrid bonds have helped rope in a slew of investors. The opportunity cost of not investing in them is too high for investors; they have all piled into Viacom’s bond offering. Although investors lapped up US… Read More ›
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