Publications

Deferred taxes on foreign earnings: A road map
Whether for the purpose of disclosure or recording the liability, significant judgement must be applied in measuring the deferred taxes on foreign earnings. Management needs to make assumptions about the operations of its business and consider the impact of planning opportunities.

Tax indemnification arrangements: Navigating the financial reporting
Income tax indemnifications are established in a variety of transactions, including business acquisitions, corporate spin-offs and initial public offerings (IPOs). Accounting for an income tax indemnification arrangement depends upon whether the company is obligated to the taxing authority, the relationship between the parties and the type of transaction. This paper provides a framework to apply in determining the appropriate accounting.

Guide to Accounting for Income Taxes - 2010 Edition
The overall accounting model for income taxes has been in place for many years, yet the accounting for income taxes continues to pose many challenges for preparers, users, and auditors. Among those challenges are the tax accounting rules for intraperiod allocation, business combinations, and foreign operations. PwC is pleased to offer this guide which is intended to assist you in interpreting the accounting standards in this complex area of accounting by bringing together all of the key guidance into one publication, providing several comprehensive examples to help navigate the guidance, and offering our own perspective throughout, based on both analysis of the guidance and experience in applying it.

Goodwill impairment testing: Tax considerations
Numerous tax law and tax accounting considerations can impact whether there is an impairment of goodwill as well as the amount of impairment. This paper discusses five primary tax focal points, beginning at the outset of step 1 with the determination of the fair value of the reporting unit.

Understanding financial reporting for green and stimulus incentives
This PwC paper outlines financial reporting implications that occur when taking advantage of green energy tax incentives.

Debt restructurings and bankruptcy: Accounting, tax and FAS 109 considerations
This paper provides an overview of bank restructuring transactions and events from both a financial reporting and income tax perspective.

A comparison of FIN 48 and the tax penalty standard

Determining uncertain tax positions under FIN 48 for operations in Mexico

Lifting the fog: Accounting for uncertainty in income taxes

Seven principles to consider when preparing a tax provision for subsidiary or carve-out financial statements
While not all-inclusive, this paper explains several key principles, which, if kept in mind, will enable preparers to manage a carve-out tax provision process more smoothly.

Fair value accounting: Tax considerations
This paper highlights the significance of the movement toward fair value accounting to those responsible for company tax matters. It addresses the trend from the perspective of each of several diverse areas in which tax matters intersect with fair value measurement.