It’s no secret that many companies, both in the United States and abroad, have dramatically increased the amount of cash they keep on hand, in large part by increasing their long-term debt load. REL Consulting, which is a division of The Hackett Group, and CFO Magazine recently analyzed the financial statements of the 1,000 largest U.S.-headquartered public companies that are not in the financial sector. They found that among these companies, long-term debt has more than doubled over the past 12 years and has grown nearly 20 percent in the past three years.
Despite the intangible in its name, the levy applies broadly to income.
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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Follow these 4 steps to help protect profit and avoid currency related losses while doing business across borders.
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