The treatment of contingent interest and convertible debt in cross-border payment transactions is subject to several provisions of the Internal Revenue Code. To add confusion to the.
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A French president once asserted, to much acclaim, that the U.S. dollar’s status as a “reserve currency” conferred an exorbitant privilege on our nation. As I write this, members of the six-nation BRICS bloc are meeting in South Africa. The ways in which the dollar’s status harms these nations is a central topic and measures […]
Economic Rival JuggernautThe US and China, economic behemoths # 1 and # 2 respectively, are global rivals in every conceivable sector. The competition in international lending is just getting underway as China has rapidly doubled its market share. However, there are hard limits to China’s rapid lending growth.To give you