What’s on International Treasurer’s radar screen this week.
Several issues came up at this week’s editorial meeting that we will pursue of the next few months and weeks.
HIA 2.0: the walking dead? As we’ve written about before, corporations have been pressing for a tax break that would allow them to repatriate hundreds of billions of dollars of overseas cash holdings. But now a Senate subcommittee reports that the last repatriation holiday in 2004-2005 actually failed (like many other reports). So now is HIA 2.0 dead? Not so fast, former Clinton administration official and current Obama Jobs Council member Dr. Laura Tyson and others say a repatriation holiday would work, offering all sorts of tantalizing facts and figures in support of their premise.
Bank funding. For banks, Q3 and Q4 earnings are supposed to be shockingly bad. People are beginning to say this will crimp lending and liquidity. IT will investigate the situation with banks and what exactly corporates should expect in terms of pricing, access, in the next 12 months.
Update on eBam. This topic has been getting a lot of attention lately, and perhaps seems overdone. But the sheer fact it’s staying in the news because it’s so desperately desired, we thought warranted another look. Particularly because of one salient fact: eBAM is still in its infancy. And at the moment, it may be morphing into a toddler.