New IMF estimate suggests the proposed 15% minimum tax would result in governments worldwide collecting a total of about 5.7% more from corporates—or roughly $150 billion.
As LIBOR rises—blowing past 1% yesterday, for the first time in nearly two years—more struggling junk-rated borrowers may end up with negative cash flow, unable to pay interest payments on their loans.
Despite the geopolitical tensions, the Russian government is making payments on its sovereign debt and Western governments are allowing circuitous transfers to get those funds to the debt holders.
High valuations and shareholder returns come with substantial benefits for corporate treasury and finance departments. Understanding the determinants of market value can help get them there.
