Nokia's tax dispute with India could result in a bill of $3.4B and complicate the sale of its cellphone business to Microsoft.
Susan Kelly's story today on how value-added taxes can trip up multinationals in emerging markets is yet another example of the tax challenges facing companies seeking to exploit growth opportunities in the developing world. There's more to say about that in light of the IBM case we discussed on Friday. In fact, multinational have to be prepared for radically different tax environments from one emerging market to the next.
Companies that are starting to do business in emerging markets should study up on the complexities of local VATs.
A PCAOB proposal to require auditors to detail where they had issues with management is likely to stir an outcry over the cost involved. But a study shows that would probably be just a smokescreen.
The ban on banks' proprietary trading may raise borrowing costs by only a little, based on a closer look at the markets they help make and how they manage the risks involved—or should.
Concerns that small businesses are turning to self-insurance to avoid ACA rules lead to efforts to limit use of stop-loss insurance.
Today's developments remind us that the devil's especially in the details when it comes to journalism. Just peruse the headlines and you'd think that corporate earnings couldn't be better, that Obamacare is freshly doomed, that Goldman Sachs did not lose $1.3 billion in currency trading in its most recent quarter, and that its back to business as usual with Iran. Well, not exactly.
While regulators are considering ways to improve companies' financial filings, companies should act on their own to make filings shorter and more useful for investors.
Even local business leaders have criticized Kansas and Missouri's willingness to reward companies for moving jobs across state borders.
Companies must decide which environmental, social and governance metrics are relevant and they may not be tracking the data required