The temporal method is a currency translation technique for foreign subsidiaries, allowing profits and losses to be computed ...

Discover the essence of Edge Act Corporations—bank subsidiaries focused on international finance. This guide covers their role, operations, and regulatory context.

The applicability of U.S. labor and employment laws to U.S. citizens working outside of the country can be complicated. In general, if the citizen works for a U.S. company outside of the country, they ...

Nigerian banks have started yielding positive gains with the impressive growth recorded in revenues from their cross-border operations in foreign countries. Four Tier-1 banks which include Access ...

Five Nigerian banks generated a combined N1.695 trillion in pre-tax profit (PBT) in 2024 from their foreign subsidiaries. This accounted for 33.5 per cent of their combined group profit of N5.060 ...

Overview: The One Big Beautiful Bill Act (OBBB) renamed Global Intangible Low-Taxed Income (GILTI) to Net CFC Tested Income (NCTI), focusing on income earned by Controlled Foreign Corporations (CFCs).

Jan. 16 marked Implementation Day, the day the United States announced the lifting of a number of sanctions against Iran under the Joint Comprehensive Plan of Action (JCPOA). This long-awaited action ...