ThomsonReuters

NOVEMBER 10, 2020

Department of the Treasury and the Internal Revenue Service issued the final regulations regarding the election to exclude high-tax Global Intangible Low-Taxed Income (GILTI) from a U.S. These rules include not only the TCJA GILTI, but also the FDII and BEAT calculations as well as the legacy Subpart F, Foreign Dividends, and U.S.

Dividends 52

Dividends Treasury Start-ups Technology 52

Reynolds Holding

JANUARY 4, 2023

On December 27, 2022, Treasury released Notices 2023-7 and 2023-2 (the “Notices”). The Notices are intended to provide interim guidance until proposed Treasury Regulations are promulgated. The Treasury and IRS have requested further comments on this issue. 1] The CAMT and the Buyback Tax both are effective January 1, 2023.

Treasury 45

Treasury Dividends Marketability Finance 45

Musings on Markets

JANUARY 17, 2024

The cash flows to equity investors, especially in the United States, have increasingly taken the form of buybacks, not just supplementing but supplanting dividends. In 2023, dividends and buybacks on the S&P 500 index amounted to $1.367 trillion, 164.25 in index units, with 57.6% of these cash flows coming from buybacks.

Risk Premium 77

Risk Premium Start-ups Equity Treasury 77

Musings on Markets

AUGUST 5, 2023

In a post from the start of this year, I noted how the surge in equity risk premiums in 2022, combined with rising treasury bond rates, caused the cost of capital to increase dramatically during the course of the year. 00254 + 1.4543 (.04)

Risk Premium 78

Risk Premium Equity Start-ups Treasury 78

Reynolds Holding

APRIL 19, 2022

The proposed amendments would provide flexibility by permitting the board of directors to delegate to a person or body the authority to issue stock under Section 152, sell treasury shares under Section 153 and issue rights or options to acquire stock under Section 157.

Appraisal 56

Appraisal Dividends Treasury Marketability 56

Brian DeChesare

JANUARY 4, 2023

Treasuries: 19% [Up 19%]. Treasuries in March 2020, when rates fell to 0%, and didn’t buy in again until the end of 2022. Treasuries (maturities of 1-3 years). TIPS (Treasury Inflation-Protected Securities) were not an option because of the low purchase limits and other restrictions. Short-Term U.S. I sold my U.S.

Marketability 96

Marketability Start-ups Treasury Dividends 96

Harvard Corporate Governance

OCTOBER 1, 2022

A corporation is generally treated as redeeming its stock if it acquires such stock from a shareholder in exchange for property (other than its own stock or rights to acquire its own stock), regardless of whether the stock is cancelled, retired, or held as treasury stock.

Treasury 223

Treasury Dividends Equity 223

Musings on Markets

JANUARY 21, 2023

The first is the dividends you receive, while you hold stocks, a cash flow stream that provides a measure of stability to investors who seek it. Actual Returns Your returns on equities come in one of two forms. There are clearly input estimates that you can take issue with, especially on earnings and cashflows.

Equity 70

Equity Risk Premium Start-ups Dividends 70

Musings on Markets

JANUARY 8, 2022

Most of the variables that I report are micro variables, relating to company choices on investing, financing and dividend policies, or to data that may be needed to value these companies. Macro Data If your end game is obtaining macroeconomic data, there are plenty of free databases that provide this information today.

Risk Premium 91

Risk Premium Start-ups Market Capitalization Corporate Finance 91

Musings on Markets

JULY 17, 2023

In my third post at the start of 2023, I looked at US treasuries, the long-touted haven of safety for investors. In 2022, they were in the eye on the storm, with the ten-year US treasury bond depreciating in price by more than 19% during the year, the worst year for US treasury returns in a century.

Marketability 95

Marketability Risk Premium Start-ups Treasury 95

Musings on Markets

JANUARY 9, 2021

The conventional approach to measuring this premium is looking at past returns on stocks and treasuries (or something close to riskfree) and measuring the difference in historical returns and I report the updated levels (through 2020) for historical premiums for stocks over treasuries in this dataset.

Risk Premium 52

Risk Premium Market Capitalization Equity Start-ups 52

Musings on Markets

MAY 11, 2021

The Taxation of Investment Income In much of the world, income from investments (interest, dividends) is treated differently than earned income (salary, wages), by the tax code, and the reasons for the divergence are both practical and political: 1.

Dividends 52

Dividends Start-ups Risk Premium Treasury 52

Musings on Markets

JANUARY 20, 2021

It is true that some companies pay dividends, and that these dividends are sticky, but it is also true that companies are under no contractual obligation to continue paying those same dividends. This difficulty in observing the equity risk premium leads many to look backwards, when asked to estimate the equity risk premium.

Risk Premium 52

Risk Premium Risk-free Rate Equity Dividends 52

ThomsonReuters

JULY 13, 2021

The Tax Equity and Fiscal Responsibility Act of 1982 and Interest and Dividend Compliance Act of 1983 requires payers to backup withhold tax from certain reportable payments. This 24% is taken from any future payments to make sure the IRS receives the tax due on this income and is known as backup withholding (BWH).

Treasury 98

Treasury Dividends Compliance Equity 98

Benzinga

APRIL 18, 2022

They will also benefit from enhanced service offerings including expanded commercial loan and treasury management solutions.". "We at March 31, 2022 as this quarter's earnings, net of dividends paid, were outpaced by the increase in accumulated other comprehensive loss. Total interest and dividend income. $. March 31,

Banking 40

Banking Book Value Equity Intangible Assets 40

Reynolds Holding

APRIL 11, 2022

Significant corporate events, such as assets sales or dispositions, mergers and tender offers, and changes in dividends rates, may give the bank counterparty adjustment and/or termination rights under the terms of the ASR. Why should a company repurchase its shares?

Banking 45

Banking Marketability Equity Compliance 45

Reynolds Holding

SEPTEMBER 13, 2023

DOJ’s increased investment in FCPA enforcement paid off in the landmark Siemens AG guilty plea and criminal fine , and has continued to pay dividends in investigations, prosecutions, and penalties ever since. Departments of Justice, Commerce, and the Treasury. Many clues indicate that “national security” restrictions are next.

Compliance 40

Compliance Technology Treasury Dividends 40