Missed out on yesterday’s financial fix? Fortunately for you CFO has you covered with the Daily Roundup…
S&P estimates that China’s corporate debt pile, now at 160% of GDP, will climb 77% to $28.8 trillion over the next five years.
Congress has made it more likely than it has been in 50 years that out-of-state retailers will be forced to collect taxes in states where they don’t have a physical presence.
>> CFO Staff
States should be able to require remote sellers to collect sales taxes only if the seller’s burden is minimal, says attorney Arthur R. Rosen.
Physical presence is still the best rule for allowing states to require tax collection by retailers, according to Rick Smith, president of Chef’s Resources.
>> Rick Smith
Whether you’re running the government or a business you need to be able to project a revenue stream, says Thomas Secor, president of Durable Corporation.
Sales tax collection shouldn’t favor big box stores over small businesses, says Steve DelBianco, executive director of NetChoice.
Bankrupt in 2013, Conergy is feeling sunny again after bringing in fresh capital and reinventing its business model.
>> David McCann
China Construction Bank’s first branch in North America is ordered to improve its anti-money laundering practices.
The KKR-owned payments processor hasn’t been profitable since its buyout a decade ago.
Sustained low energy prices have financial institutions worried about the oil and gas loans on their books.
As GE sells off pieces of its banking unit, it will be required to comply with rules for nonbank systemically important financial institutions.
SunEdison’s bid represents a 51% premium to Vivint Solar’s closing price last Friday.
A collection of CFO.com’s articles and stories published on July 20, 2015.
>> Kerry Maruna