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A detailed provision defined in the US Internal Revenue Code section 954(c)(6) which reduced taxes for many multinational companies. It offered eligible multinationals a lower global effective tax rate by giving a special accounting method for computing taxes owed on income from regulated foreign corporations. The rule became effective from Jan. 1, 2006 to December 31, 2009. But the Tax Relief Act of 2010 prolonged the rule until December 31, 2011.
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Highly Leveraged Transaction - HLT
HLT is a loan provided from a financial institution to a company that has a large debt amount already. The existing large amount of debt only means ...
Form 5
A document that must be filed with the Securities and Exchange Commission (SEC) by an insider who has conducted insider transactions during the yea ...
Countersignature
Additional signature from an official or professional on a document that has already been signed. Serving as confirmation or authentication, it is ...
Average Collection Period
The amount of time for a business to receive payments owed.
Primary Regulator
The state or federal agency with main supervisory responsibility for a financial institution. Banks and other financial institutions will have to f ...
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Introduction to Inflation
I asked my grandparents about the cost of living during World War II. They told me people during that period could buy a house for $5,000, a car fo ...
Buying a Home: Finding the Best House
Nothing can stop you from looking for the home of your dreams. Even though you have no agent, you can do your own diligence. Drive around neighborh ...
Digesting Financial Statements: Working Capital
Analysts and investors look at the working capital and its trends to measure a company’s financial performance. This metric determines a busi ...
Can You Afford the Renovation Cost?
Do you want to know if your current home can withstand any renovation? Consult the following professionals first for guidance.
Student Loans: Loan Repayment
Students, soon after your graduation, you need to enter the repayment phase. In other words, you have to start paying off your student loans. This ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 11:00 | Ifo Business Climate Index | Jan | |
| 11:00 | Ifo Current Assessment | Jan | |
| 11:00 | IFO - Expectations | Jan | |
| 15:30 | Durable Goods Orders | Nov | |
| 16:00 | NBB Business Climate | Jan | |
| 01:50 | Corporate Service Price Index | Dec | |
| 02:01 | BRC Shop Price Index | Jan | |
| 02:30 | NAB Business Confidence | Dec | |
| 04:00 | Credit Card Spending | Dec |
