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US companies in the second quarter of 2018 returned to the US corporate profit of $169.5 billion, which is almost 5 times more than in the same period last year, the US Department of Commerce reported. Compared to the first quarter, when 294 billion 900 million dollars were returned, there is a slowdown in the return to the US of the monetary liquidity of American companies held abroad. To stop the practice of leaving of the US companies from repatriating profits associated with the unwillingness to pay high taxes, the US authorities at the end of 2017 reduced the lumpsum tax on repatriation to 15.5% for cash and up to 8% for non-cash or illiquid assets.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
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