On Tuesday, the SEC announced settled charges against Baxter International Inc., its former Treasurer and Assistant Treasurer, for misconduct related to improper intra-company foreign exchange ...

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Katrina Ávila Munichiello is an ...

What is a hedged executory contract? A “hedged executory contract” is another type of transaction that is eligible for integration under Code Section 988(d). A hedged executory contract results when a ...

Traveling abroad allows you to immerse yourself in new cultures, cuisines and experiences. But while the memories might be priceless, the costs of using your credit card overseas can add up fast if ...

Leads and lags refer to strategies to time currency payments for better exchange rates, optimizing financial outcomes in ...

Proposed regulations will affect the determination of taxable income or loss and foreign currency gain or loss with respect to a qualified business unit.

The Internal Revenue Service and the Treasury Department plan to defer for one year the effective date of final regulations pertaining to foreign currency used by multinational companies' business ...

American multinational healthcare product company Baxter International agreed to pay $18 million as part of a settlement with the Securities and Exchange Commission for accounting violations related ...

Forbes contributors publish independent expert analyses and insights. I am the Kester and Brynes Professor at Columbia Business School and a Chazen Senior Scholar at the Jerome A. Chazen Institute for ...

The Federal Inland Revenue Service (FIRS) has issued new guidelines to clarify the tax implications of foreign currency (FCY) transactions for taxpayers, tax practitioners, and tax officials. The ...

At TPG, few things frustrate us more than unnecessary fees — and foreign transaction fees are near the top of the list. You may have noticed that when you use certain credit cards abroad (or on a ...