The ECB has restricted purchases of assets to covered bonds, though sovereign bonds and asset-backed securities are now on its shopping list. ECB officials accelerated covered-bond buying last week, with the total settled rising by more than 3 billion euros ($3.74 billion)
The Treasury Department will decide in the “very near future” what actions it can take to deter U.S. companies from cutting tax bills by moving their addresses to other countries, Treasury Secretary Jacob J. Lew said today.
The chairman of the committee is Public Safety Deputy Minister Francois Guimont, and it includes the heads of Canada’s two spy agencies as well as Prime Minister Stephen Harper’s National Security Adviser Stephen Rigby, according to one of the people, who asked not to be identified.
The administration can unilaterally limit inverted companies from taking interest deductions in the U.S. or from accessing their foreign cash without paying U.S. taxes, Stephen Shay said in an interview and in an article published today in Tax Notes.
MetLife, led by Chief Executive Officer Steve Kandarian, hasn’t announced share buybacks since 2008 amid uncertainty over rules the New York-based insurer could be subjected to if it’s deemed a systemically important financial institution