Archive for July, 2007

Tax Bill May Not Deter Hedge Fund IPOs and Quest for Top Talent

Friday, July 6th, 2007

U.S. lawmakers have introduced a bill to raise taxes on “carried interest” compensation - the hefty 20% performance fees that private equity firms charge.  But Wall Street’s elite isn’t taking the assault on their profits lying down.  An army of high-powered lobbyists is being assembled to block the bill on Capitol Hill.  In the meantime, [...]

As Buyout Boom Continues, Firms Seek CFOs Focused on Value Creation

Thursday, July 5th, 2007

As merger mania keeps a firm grip on Wall Street, the role of the CFO continues to evolve.  A recent study found that CFOs are noticeably more optimistic about corporate mergers and acquisitions.  But according to The Finance Director newsletter, research shows that more than 50% of mergers fail to create value.  Why?  One reason [...]

Strained Accounting Departments Seeking International Tax Gurus

Tuesday, July 3rd, 2007

International business is no longer a choice but a necessity.  And although technology has simplified communication, business and tax issues have become more complex.  Hurdles include language, law, cultures, currencies and technology.  Now, in the current environment of increased scrutiny and risk, companies must be prepared to support tax provision computations, positions, tax reserves, and [...]