What’s Going on In Finance From CFO
In another sign of a strengthening labor market, planned layoffs in November fell to the lowest level in more than a year, according to a new report The global outplacement consultancy Challenger, Gray & Christmas said employers reported workforce reductions totaling 30,953 in November, 39% fewer than in October and down 14% on the year-ago period. Read more.
Hillary Clinton is targeting corporate inversion deals with a proposal to impose an “exit tax” on U.S. companies that merge with corporations overseas to lower their tax liability. According to the Associated Press, Clinton’s presidential campaign will unveil the proposal Wednesday “as part of a broader effort to target what experts say is roughly $2 trillion in profits U.S. companies are hoarding abroad to reduce their taxes.” Read more.
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U.S. Job Cuts Hit 14-Month Low in November
While layoffs for the year are on pace to be the highest since 2009, that is due to a “handful of industries” including oil.
Collaborative Workplaces Can Cut Costs
While moving to a smaller office is a good start for cost savings, the real value is in incorporating technology to help workers collaborate.
Toshiba Shareholders Sue Over Accounting
The lawsuit is the latest fallout from a financial scandal that has caused Toshiba’s stock price to fall 40% since May.
Banking and Fintech: Love and War
An unlikely romance blossoms.
Investors to Reap Windfall From Keurig Buyout
A group led by Luxembourg’s JAB will pay a premium of 78% for the coffee-machine maker, which has seen its stock price fall 61% over the past year.
Clinton to Propose Crackdown on Inversions
The presidential candidate would impose an “exit tax” on inversion deals that allow U.S. firms to reduce their taxes by merging with companies overseas.
eBay Urges Sellers To Help Fight Sales Tax Bills
The e-commerce giant says two proposed bills would “unfairly impose burdensome compliance requirements” on online vendors.
CFO Strategy and C-Suite Success
A look into the challenges senior finance executives will face in the near-future, and how to turn disruption into opportunity.
Deadline Looms for ‘Tax Extenders’ Package
Lawmakers in Congress have until the end of the year to resolve issues including the “Cadillac” tax provision of Obamacare.
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