Following the tumultuous U.S. election season in 2016, and to kick-off 2017, corporate accounting, tax and treasury teams have been busy planning ahead for the incoming administration led by Republican President Donald Trump, and the inevitable changes it will bring.
How do effective treasury policies protect organizations? Kyriba and Actualize Consulting teamed up to explore key factors that impact the success of an organization in Leveraging Technology to Support your Treasury Policies, an educational webinar designed to provide a deeper understanding of treasury policy best practices. Jamie Christel, Treasury Advisor at Kyriba, and Martha Grant, Senior Consultant at Actualize, discussed a range of opportunities for treasury to improve its outcomes and processes with technology enabled policies.
While there are many regulations that we read about in treasury, Section 385 is a regulatory change that is worth paying attention to as it has the potential to significantly impact treasury. The focus of Section 385 of the Internal Revenue Code is generally to minimize tax inversions and the use of intercompany financing to repatriate profitability from global operations.