RMB hedging best practice
Aug 4, 2014
Cash pools saved from 'cataclysmic' US tax overhaul
Cash pooling, FX and interest rate hedging are to be spared the tax rod after the US Treasury reportedly agreed to create a safe harbour for these activities.
In what is being hailed as a small victory for common sense, the US Treasury (Treasury) department has reportedly agreed in principle to protect cash pooling structures and other cash management from broad sweeping tax changes designed to tackle what it views as tax avoidance.
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