Unstructured Finance

Essential reading: Tax arithmetic shows top rate is just a starter, and more

December 10, 2012

U.S. House Speaker John Boehner speaks to the media outside his office on Capitol Hill in Washington, December 7, 2012. REUTERS/Yuri Gripas

Bharti Infratel IPO: What brokerages are saying

December 10, 2012

(Any opinions expressed here are those of the author, and not necessarily those of Thomson Reuters)

Calendar

December 7, 2012

While tax negotiations continue on Capitol Hill, here are some additional important tax and accounting events in the week ahead:

Essential reading: Fiscal talks spur charitable giving, and more

December 7, 2012

Welcome to the top tax and accounting headlines from Reuters and other sources.

* Fiscal talks spur charitable giving. Laura Saunders and Hanna Karp – The Wall Street Journal. Tax uncertainty in Washington is setting off a mad scramble among wealthy taxpayers and charities to maximize donations before the end of the year. Their worry: The tax deduction for charitable giving, a fixture of the tax code for nearly a century, is coming under pressure as part of a broader fiscal agreement now being hammered out on Capitol Hill. Link

Essential reading: Some in GOP urge lawmakers to back tax hikes for changes in safety-net programs, and more

December 6, 2012

Welcome to the top tax and accounting headlines from Reuters and other sources.

* Some in GOP urge lawmakers to back tax hikes for changes in safety-net programs. Lori Montgomery and Rosalind Helderman – The Washington Post. A growing chorus of Republicans is urging House leaders to abandon their staunch opposition to higher tax rates for the wealthy with the aim of clearing the way for a broad deal that would also rein in the cost of federal health and retirement programs. Link

What investors can look for in 2013

December 5, 2012

By Matthew Goldstein and Jennifer Ablan

Big money managers do not always agree–that’s what makes a market–but if there was one consensus coming out of our just concluded Reuters Investment Outlook Summit, it’s that next year will probably be another bang up one for the bond market.

Essential reading: GOP in a difficult political spot in tax fight, and more

December 5, 2012

Speaker of the House John Boehner walks out with Senate Majority Leader Harry Reid after a bipartisan meeting with U.S. President Barack Obama, November 16, 2012. REUTERS/Larry Downing

Essential reading: Top U.S. firms are cash-rich abroad, cash-poor at home, and more

December 4, 2012

Welcome to the top tax and accounting headlines from Reuters and other sources.

* Top U.S. firms are cash-rich abroad, cash-poor at home. Kate Linebaugh – The Wall Street Journal. Emerson Electric Co. has $2 billion of cash in the bank. But this year it had to borrow money in the U.S. to help buy back shares, distribute dividends and even pay its taxes. As a result, Emerson says, it brings its foreign cash holdings back to the U.S. only if that can be “accomplished tax efficiently.” Link

from Lauren Tara LaCapra:

As Morgan Stanley drops “Smith Barney,” some wonder about the brand

December 4, 2012

At the Goldman Sachs investor conference on Tuesday, Morgan Stanley wealth management executive Greg Fleming ran through his 31 slides like a financially savvy drill sergeant, with a full discussion of margins, lending, technology, "value propositions" and "illustrative solutions."

Calendar

December 3, 2012

Some important tax and accounting events in the week ahead:

Monday, Dec. 3 – Wednesday, Dec.5
• Securities and Exchange Commissioner Luis A. Aguilar, SEC acting chief accountant Paul Beswick, and the chairs of the Public Company Accounting Oversight Board, Financial Accounting Standards Board and International Accounting Standards Board all speak to the American Institute of CPAs conference on SEC and PCAOB developments. Marriott Wardman Park Hotel. Washington.