Search Results for: President Barack Obama
Tax Reform for US Inversions
September 8th, 2014
While it does not appear that US President Barack Obama will be taking administrative action in the near future, other commentators are insisting that corporate tax reform is the only viable option to stop US multinationals from undertaking corporate ...
West TX Oil Below $94 as Market Awaits Chinese Data
September 8th, 2014
Brent crude fell on Monday for a third day of losses even though Chinese trade data showed both better-than-expected exports and weak imports that might prompt help for the economy, but it remained below $101 a barrel after poor ...
Biggest tax inverters ‘have $21bn offshore’
September 8th, 2014
Three US companies seeking to use controversial takeovers to cut their US tax bills hold at least $21bn in “trapped” offshore cash that the deals could unlock. According to data compiled by Moody’s for the Financial Times, the biggest ...
U.S. Stock Futures Are Little Changed Before Output Data
September 2nd, 2014
U.S. stock-index futures were little changed, after the Standard & Poor’s 500 Index recorded its biggest monthly gain since February, before data that may show manufacturing in the world’s biggest economy continued to expand in August. Apple Inc. and ...
Bringing It Back Home
August 28th, 2014
An increasing number of American companies are making plans to shift their headquarters to Europe. These so-called “inversions” would reduce these companies’ total tax bill by allowing them to escape from the United States’ uniquely unfavorable corporate tax rules. ...
Brent Extends Drop as Mideast Oil Supply Stays Safe; WTI Steady
August 25th, 2014
Brent fell for a second day amid speculation that turmoil across the Middle East won’t threaten crude supplies. West Texas Intermediate was steady in New York after a technical issue disrupted electronic trading. “The region is in chaos but ...
Lawmakers threaten Ex-Im Bank subpoena in oversight rebuff
August 20th, 2014
Top members of the House of Representatives Financial Services panel are threatening to subpoena the U.S. Export-Bank over the bank’s refusal to make three employees available for questioning as Congress considers whether to renew the bank’s charter. Chairman Jeb ...
The Fragmentation of Bretton Woods
August 18th, 2014
The world has changed considerably since political leaders from the 44 Allied countries met in 1944 in Bretton Woods, New Hampshire, to create the institutional framework for the post-World War II economic and monetary order. What has not changed ...
IRS Tried, Failed to Repair Lois Lerner Hard Drive
August 12th, 2014
U.S. Internal Revenue Service told a judge its technicians made repeated futile efforts to save data on a malfunctioning computer hard drive used by Lois Lerner, the former official at the center of a dispute between Congress and the ...
Mauritius urge for transparency to have Africa Investment
August 12th, 2014
Navinchandra Ramgoolam, The Prime Minister of Mauritius has highlighted the importance that African leaders should establish transparent legal structures for having foreign investment. Ramgoolam was speaking at the US-Africa Leaders’ Summit in Washington, chaired by US President Barack Obama. ...
