Google Inc., operator of the world’s largest search engine, wants to keep money on hand in order to be able to invest quickly when needed, Chief Financial Officer Patrick Pichette said.
Despite the intangible in its name, the levy applies broadly to income.
Companies argue that federal and most state exchanges havent followed the rules set out in the statute and regulations and therefore cant levy fines.
A recent survey suggests treasury and finance executives are not prepared for new technologies that could transform the way they do business.
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