Overseas Investments Reach New Heights

Posted by accountingweb on Sep 30 1999 130 printer friendly

According to the United Nations, companies in the United States are investing more of their money overseas in amounts totaling more than $640 billion this past year. The U.N. expects investments to go even higher this year.

The reason for the surge is due, in part, to an increase in U.S. mergers and acquisitions, as well as developing relationships with countries who need an influx of cash.

Among Asian countries, China was the most popular investment source, reaping approximately $45.5 billion last year. However, Russia experienced a decrease in investments by 60 percent.

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Even though any accounting auditor would tell you it seems like there are an awful lot of tax accountants out there, surely one-third of the country isn't made up of tax preparers, so it's rather startling news to learn that one-third of Americans like to do their taxes. Who knew?

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