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09 Oct 2008
The US taxman has relaxed loans rules to help companies deal with the tough credit market.
Businesses that received loans from their foreign subsidiaries would have to pay a 35% tax if the loan was not repaid after 30 days, however the Internal Revenue Service has pushed that out to 60 days, reported WebCPA.
'Recently, circumstances affecting liquidity have made it difficult for taxpayers to fund their operations,' reported the notice.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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