Potential tax considerations associated with the new leasing standard.
The FASB issues new guidance for intra-entity transfer of assets other than inventory.
Financial statement considerations associated with the IRC Section 385 regulations.
On 28 June 2016, Switzerland published the federal corporate tax reform III package (CTR III) that would abolish the existing cantonal privileged tax regimes and would allow cantons to introduce new internationally accepted tax measures (e.g., patent box, notional interest deduction).
US Treasury and the IRS yesterday released final and temporary Section 385 regulations, which address whether certain instruments between related parties are treated as debt or equity.
On July 26, 2016, the FASB (or the Board) issued a proposed Accounting Standards Update (ASU), Disclosure Framework
The past year has seen considerable activity at the Financial Accounting Standards Board ("FASB") related to accounting for income taxes. The FASB has introduced several topics as part of its initiative to reduce complexity in accounting standards.
Major tax law changes that occurred around the world in December 2015.
Designed to help multinationals stay aware of tax accounting and regulatory developments under US GAAP and IFRS, whilst providing technical guidance on challenging tax accounting areas.
This publication is focused on topics we believe will be widely relevant to the preparation of 2015 year-end financial statements.