What’s Going on in Finance Today
Christopher Condeluci, former tax counsel to the Senate Finance Committee claims the Obamacare’s “Cadillac Tax” will undermine employer-based health insurance and result in a likely drop of employee benefits. The tax “should be repealed,” says Condeluci. Get more details here.
Capital spending in 2016 will increase, according to TD Bank’s fifth annual CFO Survey. Look for increased capital spending in technology, existing facilities, and data security. There may be an increase in interest rates, yet this prediction is not stopping CFOs from planning to spend next year, click here to find out why.
CFO.com has the resources, insights and information finance professionals need. Get them here in the CFO roundup.
Junk Bond Default Rate to Hit 3.3%
S&P warns the speculative-grade market will be under pressure from a “near-certain” hike in interest rates.
Blockbuster Tax Trade: Less Complexity for More Transparency
With fewer disclosures and less complexity in the tax code, firms could report timelier, more transparent financials, says Haskell & White’s Rick Smetanka.
Obamacare’s Cadillac Tax Must Be Repealed
Former Senate tax counsel Christopher Condeluci lays out a plan to replace the tax in a way that would meet both Democratic and Republican policy goals.
The Reform We Need Is Unlikely to Occur
Politicians won’t support reform that would take a bite out of campaign contributions, tax professor says.
Tax Reform’s First Goal Should Be Simplicity
No matter what path of reform Congress pursues, decreasing the tax code’s complexity would be a substantial accomplishment, says KPMG’s John Gimigliano.
Major Reform Needed to Boost Investment in U.S.
Significantly lowering the corporate tax rate is among four recommendations by Red Hat CFO Frank Calderoni.
What Kind of Tax Reform Do We Need?
This is an introduction to a package of five articles offering opinions on what kind of tax reform would be best.
CFOs to Boost Capital Spending in 2016
But certain elements of the cash-flow cycle are causing them problems, according to TD Bank.
Consumer Prices Rise Slightly in October
Core prices grew 0.2%, driven by price increases in medical care, lodging, and airline fares.
Angie’s List Rejects $512M Takeover
Home services marketplace rejects bid from IAC that values Angie’s List at a price-to-earnings ratio of 46.
Wal-Mart Showing Signs of a Turnaround
Sales in existing U.S. stores rose 1.5% in the third quarter, the fifth straight quarter of growth.
Feds Clarify new White-Collar Crime Policy
To earn cooperation credit, a ‘corporation does need to produce all relevant facts,’ said Deputy Attorney General Sally Quillian Yates.
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