Tech Data is a distributor of IT hardware and software in Europe and throughout the Americas. The company generates approximately $25 billion in annual revenue via operations in more than 100 countries, so currency risk is a significant concern. Five years ago, Tech Data mitigated this risk through $8 billion a year worth of foreign exchange (FX) hedges, executed daily across 18 currency pairs. The hedging process provided the desired protection, but it was not standardized or centralized, which led to inefficiencies.
Negotiators' decision on repatriation rate may depend on bill's revenue score.
Top rate U.S. companies would pay on overseas cash hoards creeps up to 15.5%.
Human Resources personnel and corporate counsel across many industries are scrambling to assess their policies against sexual harassment and to make sure their employees are trained on these policies.
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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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