On July 17, 2012, the UK Finance Bill 2012 received Royal Assent and will be considered enacted for US GAAP purposes on that date. Taxpayers should account for the reduced UK corporation tax rate to determine the value of deferred tax assets and liabilities for US GAAP purposes.
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Contacts
- Tim Anson
- International tax services co-leader
- Tel: +1 (202) 414 1664
- Rob DeGaudenzi
- International Tax Desk leader
- Tel: +1 (646) 471 0645
