Saying Farewell to LIBORMany companies pay interest on variable rate loans, based on the London Interbank Offered Rate (LIBOR). In response to a series of scandals in which regulators uncovered banks colluding in attempt to manipulate LIBOR and profit from financial instruments supported by LIBOR, LIBOR will phase out by 2021.
In Pursuit of Global Tax Transparency
In today’s global economy, multinational corporations engage in numerous cross-border transactions. But how they report those transactions is often vague.