Tax accounting insights

Timely information on tax accounting related developments including significant federal, state, local, and foreign legislative developments, plus implications under IFRS

How will the recently issued Section 987 regulations impact your financial statements?


IRC Section 987 regulations may have significant financial statement implications

Potential tax considerations associated with the new leasing standard


Potential tax considerations associated with the new leasing standard.

The new FASB guidance will significantly change income tax accounting for intra-entity asset transfers, except for inventory


The FASB issues new guidance for intra-entity transfer of assets other than inventory.

Financial statement considerations associated with the IRC Section 385 regulations


Financial statement considerations associated with the IRC Section 385 regulations.

Swiss Corporate Tax Reform III – Impact on Financial Statements (US GAAP and IFRS)


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).

New Section 385 regulations significantly limit scope


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.

The FASB proposed changes to income tax disclosure requirements. How will these changes impact your organization?


On July 26, 2016, the FASB (or the Board) issued a proposed Accounting Standards Update (ASU), Disclosure Framework

FASB Accounting for Income Taxes Projects


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.

December 2015 major tax law changes


Major tax law changes that occurred around the world in December 2015.

Global Tax Accounting Services Newsletter: Income tax accounting and reporting developments (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.