A majority of 688 chief financial offiers and senior comptrollers surveyed by
Grant Thornton expects the cost of credit increasing for their companies and the
availability of credit decreasing.
The Grant Thornton survey conducted last month, found 55% of respondents said
their credit costs had increase and 64% said credit was more difficult to get
than a year ago, WebCPA reports.
However, when asked if they have needed to return to bank credit because they
no longer could access alternative financing structures, 86% said no.
When asked what they expected of the US economy over the next six months, 22%
said they thought it would improve; 47% predicted the economy would stay the
same; and 31% expected it to worsten.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements