Tax

Keep informed about various tax developments

Around the world: When to account for tax law changes

4/20/15 | Washington national tax services (WNTS)

Keeping track of tax law changes around the world has increasingly become a challenge for businesses. Companies are rapidly expanding their geographic footprint at a time when the evolution and developments in jurisdictional tax laws are undergoing nearly constant change. Read more

PwC 2015 Tax Policy Outlook: Opportunities and challenges ahead

1/19/15 | Washington national tax services (WNTS)

Point of view

Accounting for income taxes - A case for simplification

7/29/14 | Assurance services
  • Doing business in the United States

    6/30/15 | US tax services

    Global companies investing in the United States face unique opportunities and challenges. Doing business in the US reviews the key tax issues and provides insights to help investors navigate the US business environment.

  • Accounting guides
    Guide to Accounting for Income Taxes - 2013 second edition (updated June 2015)

    6/29/15 | Assurance services

    The overall accounting model for income taxes has been in place for many years, yet the accounting for income taxes (ASC 740) continues to pose many challenges for preparers, users, and auditors. This PwC guide is intended to clarify the fundamental requirements involved in the accounting for income taxes and to highlight key points that should be considered before and after transactions are undertaken.

  • Rx Marketplace Quarterly, Issue 6

    6/25/15 | Pharmaceuticals & life science

    The PwC Rx Marketplace Quarterly features a wide range of financial reporting developments, accounting and tax developments, regulatory updates and general industry trends impacting the pharmaceutical and life sciences industry.

  • Tax accounting insights
    FASB proposes changes to stock compensation accounting

    6/24/15 | Human resource services

    FASB released proposed changes to improve accounting for stock compensation that if finalized will have a major impact.

  • Tax accounting insights
    SEC proposes rules on pay versus performance disclosures

    6/24/15 | Human resource services

    SEC proposal requires many US registrants to disclose relationship between executive pay and financial performance.

  • Webcast
    PwC's quarterly tax accounting webcast - July 7, 2015

    US tax services

    PwC invites you to join our webcast featuring a panel of our Tax Accounting Services specialists for our quarterly discussion of relevant tax accounting matters.

  • FASB eases benefit plan measurement date rules

    5/20/15 | Human resource services

    FASB recently made amendments to retirement benefit accounting guidance to provide a practical expedient for employers when determining the benefit plan measurement date under ASC 715 in certain circumstances.

  • Webcast
    Tax function of the future webcast - Webcast replay

    US tax services

    Today's tax functions are facing pressure to stay compliant, provide global transparency and manage risk, leaving little time for tax to focus on strategic planning. Rewatch this recorded webcast, in which PwC Tax leaders discuss the vision for future tax functions in regard to regulation, risk, data, technology, process and people.

  • 10Minutes
    10Minutes on the OECD's BEPS project

    5/11/15 | Washington national tax services (WNTS)

    The OECD’s base erosion and profit shifting (BEPS) project is likely to spur the most significant changes to the taxation of international business in nearly 30 years. Multinational companies may see an increased tax burden around the world, and there’s a strong likelihood that rule changes will affect the optimal structure for your global operations. Over the next several years, BEPS-related law changes likely will cause your company to see upward pressure on effective tax rates and cash tax outlays. While the OECD BEPS project will be finalizing recommendations through December 2015, some countries have already begun implementing changes to their tax systems. Companies will need to begin assessing the impact on business operations now.

  • Tax accounting insights
    Around the world: When to account for tax law changes

    4/20/15 | Tax accounting services

    Keeping track of tax law changes around the world has increasingly become a challenge for businesses. Companies are rapidly expanding their geographic footprint at a time when the evolution and developments in jurisdictional tax laws are undergoing nearly constant change. Naturally, changes in tax law have an impact on tax planning, tax return preparation and, ultimately, tax cash flows. Those consequences, however, are often preceded by the impact of such changes on company financial reporting.

  • Tax accounting insights
    Financial reporting implications of new UK diverted profits tax

    4/16/15 | Tax accounting services

    Financial reporting implications of new UK diverted profits tax

  • Webcast
    Healthcare, Higher Education, and Nonprofit Series: Hot topics and technical updates impacting accounting and financial reporting - Webcast replay

    Healthcare

    Watch a replay of our webcast focusing on emerging accounting developments affecting not-for-profit (NFP) organizations including a look at the recent FASB exposure draft "Financial Statements of Not-for-Profit Organizations".

  • Tax accounting insights
    Global Tax Accounting Services Newsletter (January - March 2015)

    4/9/15 | Tax accounting services

    Designed to help multinationals stay aware of tax accounting and regulatory developments.

  • Webcast
    Pharmaceutical and Life Sciences Tax Hot Topics: Base Erosion Profit Sharing (BEPS) & Global Controversies - Webcast replay

    Pharmaceuticals & life science

    During this webcast, our panelists discuss the impact of recent developments in the international tax and transfer pricing environment on PLS companies, and provide useful insights with respect to developing a BEPS planning or assessment roadmap for risk assessing and addressing immediate tax and transfer pricing challenges.

  • Shifting IRS enforcement strategies: US inbounds take note

    3/31/15 | Tax accounting services

    Foreign-based multinationals should be up to speed on the current US approach to international tax enforcement for several significant reasons.

  • Rx Marketplace Quarterly, Issue 5

    3/24/15 | Pharmaceuticals & life science

    The PwC Rx Marketplace Quarterly features a wide range of financial reporting developments, accounting and tax developments, regulatory updates and general industry trends impacting the pharmaceutical and life sciences industry.

  • Tax accounting insights
    Tax accounting retrospective: July to January 2015

    2/17/15 | US tax services

    As part of our continued effort to help organizations navigate through the complexity of today’s tax accounting issues, we've assembled a compilation of our Tax Accounting Services’ publications released between July 2014 and January 2015.

  • Insights: Employee benefits and compensation proposals in the President’s budget

    2/13/15 | Human resource services

    The President’s budget includes both new and recurring proposals affecting employee retirement and health benefits.

  • Obama Administration FY 2016 budget proposal: Insurance tax provisions

    2/13/15 | US tax services

    Insurance tax provisions in Obama's FY 2016 budget.

  • Obama FY 2016 Budget proposes minimum tax on foreign income and adds other significant international tax proposals

    2/13/15 | US tax services

    Treasury's ‘Green Book,’ released February 2, 2015, outlines the Administration’s Budget proposals for fiscal year 2016.

  • Tax accounting insights
    Tax Accounting Services: FASB decides to propose changes to stock compensation tax accounting

    2/6/15 | US tax services

    FASB decides to propose changes to stock compensation tax accounting (February 2015).

  • President Obama’s FY 2016 budget calls for business tax reform; proposes new international and individual tax increases

    2/4/15 | Washington national tax services (WNTS)

    President Obama on February 2 submitted an FY 2016 budget that reaffirms his support for ‘business tax reform'.

  • Webcast
    Time to take action: Highly anticipated research credit regulations on internal-use software released - Webcast replay

    US tax services

    PwC's Tax Projects Delivery Group invites you to rewatch the webcast, Time to take action: Highly anticipated research credit regulations on internal-use software released, where our panel discusses the key issues and opportunities presented by the IRS's proposed regulations regarding internal-use software (IUS) for purposes of the Section 41 research credit

  • Webcast
    2015 ACA Reporting Requirements, Challenges and Solutions - Webcast replay

    Human resource services

    Please watch a replay of PwC and Equifax Workforce Solutions' webcast discussing many the complexities of the ACA reporting requirements regarding "affordable healthcare" for "full time employees." We discuss new IRS Forms 1095-C and 1094-C, key technical and data integrity issues that employers will need to address, and the unique value proposition of our collaborative end-to-end solution.

  • PwC 2015 Tax Policy Outlook: Opportunities and challenges ahead

    1/19/15 | Washington national tax services (WNTS)

    The key question for US tax policymakers is whether 2015 will be marked by compromise or gridlock.

  • Webcast
    Healthcare, Higher Education, and Nonprofit Series - Hot topics and technical updates impacting tax reporting - Webcast replay

    Healthcare

    You are invited to watch PwC's webcast, "Is Your Hospital in Compliance? Understanding the Final Section 501(r) Regulations", where we discuss the 501(r) mandate minimum requirements for hospitals to obtain and maintain their tax-exempt status.

  • 2014 Year-End State Tax Review and a Look Ahead to 2015 and Beyond

    1/15/15 | US tax services

    PwC's brief, interactive summary and collection of Insights focuses on the key developments, issues and trends across the state and local tax landscape in 2014 and what we may expect for 2015 and beyond. There was one striking truth about the state and local tax world in 2014: It continued to offer a rich mix of legislative, judicial and administrative actions that altered the state tax landscape.

  • Tax accounting insights
    Accounting for Income Taxes: 2014 Year-end Hot Topics

    1/13/15 | Tax accounting services

    Accounting for income taxes has seen legislative and regulatory changes in the United States and abroad in 2014. These developments, combined with an environment of political and economic uncertainty, have added to the existing challenges in accounting for income taxes.

  • Rx Marketplace Quarterly, Issue 4

    12/24/14 | Pharmaceuticals & life science

    The PwC Rx Marketplace Quarterly features a wide range of financial reporting developments, accounting and tax developments, regulatory updates and general industry trends impacting the pharmaceutical and life sciences industry.

  • Year-end employee benefits and compensation planning ideas

    12/10/14 | Human resource services

    Employers and employees must make decisions on certain employee benefits issues by December 31.

  • Tax accounting insights
    Share-based compensation: understanding the tax accounting

    12/4/14 | Tax accounting services

    In this insight we provide a refresher of the tax accounting guidance for share-based compensation under US GAAP and IFRS

  • Tax accounting insights
    FASB decides to propose changes to income tax accounting

    10/27/14 | Tax accounting services

    During its meeting on October 22, 2014, the FASB agreed to issue an exposure draft related to two tax accounting topics.

  • Tax accounting insights
    FASB adds stock compensation tax accounting topics to its agenda

    10/10/14 | Tax accounting services

    FASB adds stock compensation tax accounting topics to its agenda.

  • Tax accounting insights
    Global Tax Accounting Services Newsletter (July – September 2014) - follow recent global accounting and reporting developments

    10/8/14 | Tax accounting services

    In this release we discuss a variety of global accounting, reporting and tax law developments in the quarter ended September 30, 2014.

  • Rx Marketplace Quarterly, Issue 3

    10/2/14 | Pharmaceuticals & life science

    The PwC Rx Marketplace Quarterly features a wide range of financial reporting developments, accounting and tax developments, regulatory updates and general industry trends impacting the pharmaceutical and life sciences industry.

  • Tax accounting insights
    FASB discusses income tax accounting for stock compensation

    9/12/14 | Tax accounting services

    During its meeting on September 10, 2014, the FASB preliminarily discussed whether to add income tax accounting for stock compensation to its Simplification agenda.

  • Fund of funds tax considerations: Managing investor and regulatory demands

    8/26/14 | Asset management

    This document summarizes fund of fund tax considerations as discussed during a webcast by a panel of asset management, state and local tax, and technology specialists within PwC’s Asset Management Tax practice.

  • Key accounting method considerations for 2013 returns

    8/18/14 | Washington national tax services (WNTS)

    Key elections and accounting methods taxpayers should consider for 2013 returns.

  • US Tax Reform: Will possible changes impact your mobile employees?

    8/18/14 | Global tax services

    Lawmakers are eyeing reform of the US tax system, which would surely affect multinational companies with globally-mobile workforces.

  • Tax accounting insights
    FASB adds income tax accounting topics to its agenda

    8/18/14 | Tax accounting services

    FASB adds income tax accounting topics to its agenda (August 2014).

  • Tax accounting insights
    Tax accounting retrospective (January - June 2014)

    8/6/14 | Tax accounting services

    As part of our continued effort to help organizations navigate through the complexity of today's tax accounting issues, we've assembled a compilation of our Tax Accounting Services' publications released between January 2014 and June 2014.

  • Doing business in the United States

    8/6/14 | US tax services

    Global companies investing in the United States face unique opportunities and challenges. Doing business in the US reviews the key tax issues and provides insights to help investors navigate the US business environment.

  • Point of view
    Point of view: Accounting for income taxes - A case for simplification

    7/29/14 | Assurance services

    It's time to hit the "reset" button and adopt targeted changes to simplify the income tax accounting standard, read our Point of view to find out more.

  • Tax accounting insights
    Global Tax Accounting Services Newsletter (April– June 2014) - follow recent global accounting and reporting developments

    7/23/14 | Tax accounting services

    In this release we discuss a variety of global accounting, reporting and tax law developments in the quarter ended June 30, 2014.

  • Video
    Tax function effectiveness

    6/17/14 | Assurance services

    PwC's Tim Lapetina and Steven Schaefer discuss the challenges of today's tax environment and how to make a strong tax function.

  • Assessing Tax 2014: Tax rate benchmarking study for industrial products and automotive sectors

    6/16/14 | Industrial products

    Assessing Tax 2014 provides a detailed analysis of tax rate metrics for 324 companies and highlights tax trends for aerospace and defense, automotive, chemicals, engineering and construction, industrial manufacturing and metals, and transportation and logistics companies. This issue includes a special report on the surge in international tax controversy.

  • New FASB, IASB revenue recognition rules could have significant US tax implications

    6/3/14 | Washington national tax services (WNTS)

    The Financial Accounting Standards Board and International Accounting Standards Board have published their long-awaited joint revenue recognition standard.

  • Tax accounting insights
    Global Tax Accounting Services Newsletter (January–March 2014)

    4/30/14 | Tax accounting services

    In this release we discuss a variety of global accounting, reporting and tax law developments in the first quarter of 2014, and the related tax accounting considerations.

  • Tax accounting insights
    New York tax reform: Tax accounting considerations

    4/11/14 | Tax accounting services

    On March 31, 2014, New York Governor Andrew Cuomo signed the state’s fiscal year 2014-2015 (FY 14-15) executive budget legislation.

  • The unique challenges facing US inbound companies

    3/26/14 | US tax services

    Joel Walters, inbound tax leader for PwC US, explores how in-house teams can successfully navigate the new corporate tax landscape in light of increased scrutiny on tax planning processes, reporting requirements, and compliance initiatives.

  • Patent Box in the EU - it's business as usual

    3/6/14 | US tax services

    Patent Box in the EU - it's business as usual

  • Tax accounting insights
    Global Tax Accounting Services Newsletter (October-December 2013)

    2/21/14 | Tax accounting services

    In this release we discuss a variety of global accounting, reporting and tax law developments and the related tax accounting considerations.

  • Tax accounting insights
    Tax accounting retrospective (July - December 2013)

    1/28/14 | Tax accounting services

    As part of our continued effort to help organizations navigate through the complexity of today’s tax accounting issues, we’ve assembled a compilation of our Tax Accounting Services’ publications released between July 2013 and December 2013.

  • Tax accounting insights
    Around the world: When to account for tax law changes

    1/21/14 | Tax accounting services

    Keeping track of tax law changes around the world has increasingly become a challenge for businesses. Companies are rapidly expanding their geographic footprint at a time when the evolution and developments in jurisdictional tax laws are undergoing nearly constant change.

  • Tax accounting insights
    How will recently expired US tax provisions affect your financial statements?

    1/20/14 | Tax accounting services

    How will recently expired US tax provisions affect your financial statements? Tax Accounting Considerations for Expired Tax Provisions

  • Tax accounting insights
    2014 Mexican tax reform package

    1/7/14 | Tax accounting services

    Tax accounting considerations of the 2014 Mexican tax reform package.

  • Tax accounting insights
    Global Tax Accounting Services Newsletter (July to September 2013)

    12/23/13 | Tax accounting services

    In this release we discuss a variety of accounting and regulatory updates. We also draw your attention to some significant tax law and tax rate changes during the quarter ended 30 September 2013 and some important tax accounting considerations for mergers and acquisition transactions.

  • Tax accounting insights
    Income tax disclosure

    12/16/13 | Tax accounting services

    Numerous income tax accounting matters require the use of estimates, judgments, and other subjective information that can obscure the presentation in the financial statement accounts. Clarifying disclosures can enable users to gain a better understanding of the reporting entity’s income tax environment.

  • Tax accounting insights
    Financial Accounting Foundation completes review of accounting for income taxes

    12/4/13 | Tax accounting services

    Financial Accounting Foundation (FAF) completed its post-implementation review of Financial Accounting Standards Board Statement No. 109, Accounting for Income Taxes (FAS 109) (codified in Accounting Standards Codification Topic 740, Income Taxes).

  • 10Minutes
    10Minutes on transforming the tax function

    11/13/13 | US tax services

    It’s an opportunity hidden in plain sight. In 10Minutes on transforming the tax function, we discuss how the tax function is often overlooked as an area for improvement, unlike more obvious choices such as supply chain or business services. However, shining a light on the tax group can reveal untapped opportunities where changes in technology, process, people, and data can lead to benefits for the broader business.

  • Tax accounting insights
    Patent box and technology incentives: Tax and financial reporting considerations

    8/22/13 | Tax accounting services

    This publication discusses key tax and financial reporting considerations of patent box regimes and other technology incentives.

  • Tax accounting insights
    Revised exposure draft on leases may have significant tax accounting, state tax, and systems implications

    7/25/13 | Tax accounting services

    The FASB and the IASB issued a revised exposure draft on leases. Although the tax law regarding the treatment of leasing transactions remains unchanged, taxpayers should consider how the Exposure Draft will impact the computation of federal and state taxable income and deferred income tax assets and liabilities associated with their leases.

  • Tax accounting insights
    FASB ratifies consensus on netting unrecognized tax benefits against loss or other tax carryforward assets

    6/26/13 | Tax accounting services

    The FASB ratified the accounting guidance proposed by the EITF consensus for Issue 13-C, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. We expect the final Accounting Standards Update (ASU) to be issued within the next few weeks.

  • Tax accounting insights
    Tax accounting implications of new French wage tax credit

    5/3/13 | Tax accounting services

    The new French legislation to encourage investment and create jobs will impact financial statement accounting.

  • Tax accounting insights
    Tax considerations relating to fair value accounting

    3/25/13 | Tax accounting services

    PwC has refreshed our 'Fair Value Accounting: Tax Considerations' publication (originally released in December 2008).

  • Tax accounting insights
    Foreign currency tax accounting

    10/18/12

    This publication addresses key considerations in applying U.S. GAAP with respect to foreign currency income tax reporting. It is designed to be a reference guide to explore tax accounting for foreign currency. It begins with the “basics” and relevant areas of focus when applying Accounting Standards Codification (ASC) 830, Foreign Currency Matters, and also discusses the application of ASC 740, Accounting for Income Taxes, to foreign currency.

  • Tax accounting insights
    Deferred taxes on foreign earnings: A road map

    9/6/12 | Tax accounting services

    Asserting indefinite reinvestment traditionally has been a widespread practice among multinational businesses. A majority of large companies make the assertion with respect to much, if not all, of their foreign earnings. To assist organizations in making this assertion, PwC has refreshed this publication (originally released in December of 2010).

  • Tax accounting insights
    Goodwill impairment testing: Tax considerations

    4/15/12 | Tax accounting services

    Goodwill impairment testing continues to be a challenging and complex area of practice. As companies perform goodwill assessments, tax considerations can play a critical role in the final conclusions. To assist you with your goodwill impairment testing, PwC has refreshed our Goodwill Impairment Testing: Tax Considerations publication (originally released in December 2009).

  • Tax accounting insights
    Key areas of focus when accounting for income taxes during interim periods

    3/21/12 | Tax accounting services

    At the close of every quarter, companies recognize income tax expense or benefit in their respective quarterly financial statements in accordance with interim reporting guidance under FASB Accounting Standards Codification 740, Income Taxes (ASC 740). When applied, this accounting model can present formidable challenges to many companies and can sometimes produce unexpected results. This edition of Tax accounting insights highlights the "basics" as well as key areas of focus when accounting for income taxes during interim periods.