Both Section 987 and the 1991 proposed regulations require the taxable income or loss of a Section 987 QBU be computed in its functional currency
and then translated at the average exchange rate (generally, an average of the daily exchange rates) into the functional currency
of its owner.
The Tax Reform Act of 1986 (TRA '86) added to the Code subpart J (foreign currency
transactions) and Sec.
said, "while a number of economies continue to use pegged exchange rates and/or intervene in foreign exchange markets, a peg or intervention does not in and of itself satisfy the statutory test for currency
Take Thailand, for example, where the Asian currency
and priced its product in dollars, so the dollar's strength against other currencies meant that Cat's local currency
prices surged in markets all over the world.
The new $50 note is the second denomination in the Series 2004 currency
, the most secure series of notes in U.
The commodity pricing and flow of scrap that creates the market conditions for scrap recyclers can be affected in many ways by currency
exchange rate fluctuations, and the past couple of years have offered several examples.
The CFR brain trust is fully aware that a nation's control of its own national currency
and monetary policy is essential to economic sovereignty, and economic sovereignty is essential to political sovereignty.
Rather, this currency
has a New Age-y feel that makes you think you've stumbled into the central bank of the Star Trek Federation.
Chatu Monkul had advocated devaluing Thailand's currency
for months and today, he argued, devaluation was absolutely necessary.
Banks, bond and stock markets and international businesses are spending the weekend adapting trading floors and computer screens to include the joint currency
Bartering networks, local exchange trading systems and radical approaches like locally - instead of federally - issued currency
allow one to largely sidestep dollar bills and credit cards.