Month: August 2021

From EU Tax Observatory: In July 2021, 132 countries agreed to a minimum tax rate of at least 15% on their multinationals’ profits. However, the joint statement includes a provision that could substantially reduce the effectiveness of this policy. Specifically, the proposed agreement allows multinationals to reduce profits subject to the minimum tax by an …

Minimising the minimum tax? The critical effect of substance carve-outs Read More »

Why growing corporate debt may not be as potentially troubling as it seems, according to Deloitte. U.S. corporate debt had been on the rise since 2010, when the economy recovered from the previous recession, and that trend continued last year during the COVID-19 pandemic. At the end of 2020, the total debt outstanding for nonfinancial …

Is Rising Corporate Debt a Problem? Read More »

A PwC report into executive remunerations trends in South Africa says median pay for CEOs of JSE-listed companies was R5.2 million in 2020 and R3.2 million for CFOs. The median pay for CEOs of large-cap companies was R13.3m. For CFOs of large-cap companies, the median pay was R7.6m and for executive directors R5.6m. The median …

Median pay for CFOs of JSE-listed companies is R3.2 million – PwC Read More »

From CFO Daily News: Your team has clear insight into the financials that can help your company uncover new ways to save. Take overhead costs, for example. Finance staffers see all the bills that come in for things like rents and leases, electricity costs, office supplies and maintenance. And as their role transforms from a …

4 ways to slash overhead costs in the new normal Read More »

From WSJ: Finance chiefs are stepping up their efforts to move pension obligations off company balance sheets through annuity purchases and other financial tools, taking advantage of well-funded plans and a respite from the scramble over the past year to deal with the Covid-19 pandemic. For years, sponsors of single-employer pension plans have purchased annuities from …

Companies find it’s a good time to push pension obligations off balance sheets Read More »

The OECD has announced that on average, global nominal corporate income tax rates have continued the downwards trend, down 8 points on average from the year 2000 (28.3%) to year 2021 (20%). Across 111 jurisdictions, 94 had lower corporate income tax rates in 2021 compared with 2000, while 13 jurisdictions had the same tax rate, and only 4 …

OECD: Nominal corporate income tax rates continue to fall Read More »

From CFO Dive: Businesses aiming to increase sales and customer satisfaction should consider shifting more investment and staff toward improving the online ratings and reviews of their products, a McKinsey study found. Amid pandemic-induced growth in e-commerce, the volume of online ratings and reviews surged 87% from Dec. 2019 until Dec. 2020, McKinsey said. While online customer …

6 CFO tips for finding gold in online ratings Read More »

From Tax Advisers Europe: In July, 130 countries signed the global agreement on international tax reform, based on a two-pillar solution which allows multinational companies to pay more tax in the countries where they operate as well as a global minimum tax rate. As estimated by the OECD, a total amount of USD 100 billion of profits per …

130 countries sign historic agreement on international tax reform Read More »

From Benziga: The surge in corporate debt has created a ticking time bomb in the market, says one analyst. The U.S. economy is steadily recovering from the pandemic, and more than $6 trillion in government stimulus appears to have prevented a worst-case economic catastrophe. The SPDR S&P 500 ETF has even nearly doubled from its pandemic …

Is a ‘Massive Wave Of Bankruptcies’ just around the corner? Read More »

From Cfodive.com: Finance chiefs’ credibility, diligence and deep knowledge of the numbers make them ideal candidates for press interviews and company spokespeople, PR specialists say. When Twitter permanently banned former President Donald Trump from its platform, company CFO Ned Segal broke the news in a CNBC interview about the micro-blogging platform’s first quarter earnings. “If …

Why CFOs speak to the press (and whether they should) Read More »