Category Archives: NAA News

Obama could curb corporate “inversions” on his own:ex-US official

WASHINGTON (Reuters) - President Barack Obama could act without congressional approval to limit a key incentive for U.S. corporations to move their tax domiciles abroad in so-called "inversion" deals, a former senior U.S. Treasury Department official said on Monday.

By invoking a 1969 tax law, Obama could bypass congressional gridlock and restrict foreign tax-domiciled U.S companies from using inter-company loans and interest deductions to cut their U.S. tax bills, said Stephen Shay, former deputy assistant Treasury secretary for international tax affairs in the Obama...

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Burger King’s 33 year old CEO is completely reshaping the company

Burger King's 33-year-old CEO has helped engineer a total restructuring of the burger chain in just 13 months on the job. After surrounding himself with an equally young management team — including a 28-year-old chief financial officer — Daniel Schwartz has helped turn the struggling burger chain into a "cash machine," Devin Leonard writes for Bloomberg Businessweek's newest cover story. "These days ... Burger King is behaving more like a startup than a typical burger chain," Leonard writes.   Read more...
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Oil prices rises after China growth ticks higher

Oil prices rose Wednesday after China reported a slight improvement in economic growth for the second quarter that allayed fears its slowdown was continuing. By early afternoon in Europe, benchmark U.S. crude for August delivery was up 87 cents at $100.83 a barrel in electronic trading on the New York Mercantile Exchange. On Tuesday, the Nymex contract fell 95 cents to $99.96.  Read more...
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