What is the difference between FX and foreign currency deposits? Mechanisms, costs, and risks that FX beginners want to know

The difference between FX and foreign currency deposits is whether you hold foreign currency with the full amount of your ...

Are Foreign Currency Deposits Subject to Tax on 'Exchange Gains'? The Basics of Foreign Currency and Taxes You Should Know in an Era of a Weak Yen

With the yen continuing to weaken, more people are holding foreign currency deposits and foreign currency-denominated assets.
Accounting Today

IRS plans regs on foreign currency gains and losses

The Internal Revenue Service and the Treasury Department said Wednesday they intend to issue proposed regulations under Section 987 of the Tax Code regarding the determination of taxable income or ...
standardmedia.co.ke

Del Monte appeal brings clarity to tax treatment of foreign exchange losses in Kenya

Foreign exchange losses can significantly impact businesses operations, particularly those engaged in cross-border transactions or financing. The question of whether such losses are deductible for tax ...
Cfr.org

Central banks, cheerleaders and paper losses

This week’s Economist looks at the “paper” losses that central banks issuing local currency (or selling local currency debt) to buy foreign exchange reserves would incur in the event of the ...