For corporate treasurers already mired in the costly, slow and opaque world of cross-border payments, ether could offer a real solution: real-time, cost-free, “crypto-payments” with the need to buy cryptocurrency.
Treasurers have a duty to keep tax costs down—and often use complicated structures to do so—but where do they draw the line? A fresh report reveals the common structures used by aged care providers to reduce tax.
Some of the world’s top companies – also including Roche, GE and others – join Swift’s global payment initiative pilot. But whether other “Swift corporates” will be able to go GPI-active remains to be seen.