What’s Going on in Finance from CFO
Lobbying by corporations has helped win an almost-certain two-year delay in the implementation of the hated “Cadillac Tax” on high-cost, employer-sponsored health benefits plans. Read more.
U.S. corporate pension plans will remain underfunded at the end of this year but could reach full funding in 2018 if interest rates increase as expected, according to Moody’s Investors Service. Read more.
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Pension Plan Funding to Rise With Interest Rates
A gradual increase in the Federal Funds rate could push pension plans of U.S. issuers to fully funded status by the end of 2019.
Socially Responsible Companies Pay Lower Taxes
A new study debunks the common notion that companies with high CSR ratings do not practice aggressive tax avoidance.
Housing Starts Pick up 10.5% in November
The surge, reflecting in part a 7.6% jump in single-family housing starts, makes up for the 12% decline in October.
Two-Year Delay for Obamacare’s Cadillac Tax Likely
A proposal to postpone the despised excise tax is an 11th-hour inclusion in the federal budget bill.
EU Steps Closer to Adopting Data Privacy Rules
Privacy advocates see the rules as a model for the rest of the world but tech firms fear harm to their businesses.
GOP Acts to Block Political Disclosure Rule
A provision slipped into the $1.1 trillion spending bill would bar the SEC from forcing public companies to disclose their campaign contributions.
Investment Advisor Charged Over Bond Issues
The SEC says Atlantic Asset Management failed to disclose its investment of more than $43 million in tribal bonds would benefit insiders.
Fed Ends Seven Years of Zero Interest Rates
The long-anticipated rate hike to 0.25% will be followed by a “gradual” tightening of monetary policy, the central bank emphasizes.
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