According to Bank of America analysts, new tax legislation could provide an infusion of more than $400 billion into the American economy. The Invest In The U.S.A. Act, authored by Senator John Ensign, and companion legislation in the House of Representatives, known as the Homeland Investment Act, would drastically lower the tax rate, for a limited time, for American corporations that return foreign held assets to the United States. ‘Bank of America’s estimate that the boost to our economy would be more than $400 billion will add to the momentum this legislation is enjoying,’ Ensign said. Earlier more conservative analyses estimated an economic infusion of $300 billion. The Invest In The U.S.A. Act would provide a one-year window during which American companies could reinvest foreign assets at a tax rate of just 5.25 per cent. Currently, the tax rate for such reinvestments is 35 per cent.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more