U.S. finance chiefs are taking a closer look at their companies’ cash flows, spending plans and overseas operations in response to House Democrats’ tax proposals
The law lowered the statutory tax rate from 35% and introduced various stipulationsNewsletter Sign-upThe Morning Ledger provides daily news and insights on corporate finance from the CFO Journal team.Cisco, which moved a large proportion of its intellectual property back to the U.S. following the passage of the 2017 tax law, said it welcomes maintaining the current framework around foreign-derived intangible income. The provision, which sets a 13.
Finance chiefs at U.S. businesses with large operations abroad also will be reviewing their interest expenses, said Remmelt Reigersman, a partner at law firm Mayer Brown and a member of its tax transactions and consulting practice. might see the value of certain tax offsets tied to the company’s net operating losses rise, finance chief Scott Drake said. The company hasn’t been profitable in recent years and can apply its historical losses against future income, Mr. Drake said.
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