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Cash tax savings10Minutes on bolstering corporate liquidity FIN 48A comparison of FIN 48 and the tax penalty standard Lifting the fog: Accounting for uncertainty in income taxes Thinking beyond uncertain tax positions Health policy economicsPharmacy benefit management savings in Medicare and the commercial marketplace and the cost of proposed PBM legislation, 2008-2017 Healthcare policy in an Obama administration: Delivering on the promise of universal coverage Human resources2008 ERISA guide to reporting & disclosure 2007 Global equity incentives survey HR innovation International assignment perspectives: Volume 3 International assignment perspective: Volume 2 International assignment perspectives: Special alerts Key trends in human capital: A global perspective Managing tomorrow's people: The future of work to 2020 PwC health and wellness touchstone survey results The right peer group for the right pay plan IFRSThe uncertain future of LIFOThis article examines a potential exception to the LIFO conformity requirement that could allow the use of LIFO for qualifying companies even after their conversion to IFRS, and discusses planning opportunities that may be available to US taxpayers to help them alleviate the tax burden caused by a future LIFO termination. Currency gains and losses and IFRS: Tax implications of IFRS on foreign currency gains and losses resulting from long-term intercompany loans Intercompany loans may have the risk of fluctuating currency valuation. However, currency risk on debt not intended for repayment may receive what some perceive as "beneficial" treatment under some local GAAP financial accounting standards, where currency fluctuation is recorded directly in the balance sheet with no impact to profit. IASB's proposed income tax standard: The responses are in... In March 2009, the International Accounting Standards Board (IASB) issued an Exposure Draft proposing significant changes to the current international standard on accounting for income taxes, IAS 12, Income Taxes. The Exposure Draft was open for comment through July 31, 2009, and the IASB received more than 160 responses on the proposals. This article provides a summary of the overall response to the Exposure Draft, and further highlights some of the common themes from responses to the detailed questions posed by the IASB. Transfer pricing and IFRS: Implications of IFRS on cost sharing arrangements This article addresses the potential impacts that adopting IFRS accounting policies, particularly those related to revenue and expense recognition, may have on an organization's existing and future cost sharing arrangements. A tax perspective on implementation, IFRS-Tax action plan (March 2009) This IFRS publication provides an illustrative action plan that your company’s tax function can use to assess the actions necessary to implement IFRS within the company’s specific timeline. Implications of an IFRS conversion on property, plant and equipment from a US tax perspective For capital-intensive businesses, including companies in the manufacturing and utility industries, PP&E may account for over 25% of their balance sheet's total assets. From componentization to measurement and asset impairment differences, the conversion from US GAAP to IFRS has the ability to impact the financial reporting of many organizations. In addition, these differences may also have implications on a company's tax accounting, compliance, planning, processes, and systems. Implications of an IFRS conversion on the US research & development tax credit Kendall Fox, a partner, John Scacco, a director, both with PricewaterhouseCoopers’ R&D tax credit practice and Luke Cherveny, a director, with PricewaterhouseCoopers’ IFRS national tax practice examine what, if any impact there is on the application of existing R&D tax laws. Income tax accounting under IFRS: A look ahead This publication is the first in a series of articles that explores how the proposed IASB changes might impact companies. Converting to International Financial Reporting Standards: Planning considerations for US tax executives This publication will help your company answer the following questions: 1) Why is it important to begin planning now for the conversion to IFRS? 2) What are the most significant planning considerations for the global tax function? and 3) How and when should an organization start planning for the IFRS conversion process? Tax departments bracing for IFRS: Survey This articles examines how the merging of US GAAP and IFRS while years away, is causing companies to examine the potential tax implications of the future convergence. IFRS, US GAAP, and US tax accounting methods This publication attempts to identify circumstances where tax accounting method changes may be required or desired and where Schedule M computations may change during an IFRS conversion. Implications of IFRS Conversion on US tax accounting methods This publication details key considerations, as well as potential opportunities and drawbacks, related to the accounting changes that will result from a conversion to IFRS. Tax implications of an IFRS conversion on debt arrangements This article provides a basic understanding of the potential impact a conversion to IFRS may have on a company's debt planning strategies. < Accounting for employee benefits under IFRS This whitepaper outlines how the conversion to IFRS affects employee benefit plans. Stock option award under IFRS: An analysis of the potential impact PwC has developed this publication to assist you in understanding the impact of IFRS on existing and new share-based payment plans. The consequences of a move to IFRS will be important as the move may affect cash taxes and will certainly significantly impact financial reporting, systems and processes. IFRS: The right move toward convergence: What IFRS will mean to US tax executives This paper can assist you in understanding the related tax considerations and discussing IFRS with other functional leaders within your company. International taxHeadquarters cost studies: time to review processes and proceduresIn today’s economic environment, companies are reviewing all business activities as they search for potential cost savings. For US-based multinational corporations with significant US headquarters activities, a study of the costs and expenses associated with those activities can help achieve that goal. Aligning global business models and tax planning This article addresses three fundamental areas that multinational companies must address to achieve an integrated global structure: profit alignment, attribute management, and treasury management. Challenges of structuring business integrations in India This PwC international tax services publication addresses the challenges of doing business in India. To the point This PwC publication series addresses contemporary issues and is meant to be impactful, insightful, and concise. Each quarter we plan to address select topics that are of immediate interest to directors. Worldwide tax summaries This whitepaper provides an up-to-date overview of the corporate and individual tax rates and rules in operation in over 100 countries. State and Local Tax ServicesControlling employment tax costs in a declining economy Tax accountingDebt 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. 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. Guide to accounting for income taxes 2007 This publication is intended to clarify the fundamental requirements involved in the accounting for income taxes and to highlight key points that should be considered before transactions are undertaken. The quarter close A PwC quarterly publication designed to keep you informed about the latest accounting and financial reporting issues. Tax function effectivenessManaging the tax function through a weak economy Transfer PricingInternational transfer pricing 2009 Transfer pricing and the green agenda Transfer pricing in the context of a PE: The OECD view Transfer pricing perspectives Transfer pricing perspectives: The emerging perfect storm of transfer pricing audits and disputes Washington National Tax Services (WNTS)10Minutes on tax reform10Minutes on tax reform provides PwC's perspectives on the political and economic events shaping the tax reform debate, and provides steps companies should be taking now to anticipate both risks and opportunities from likely tax reform scenarios, and prepare for potential outcomes Business tax outlook 2009 & beyond Major challenges are facing the US income tax system, strengthening the impetus for tax reform, a prospect that congressional tax-writing committees and the presidential candidates have been heavily focused on. For corporations, it is more important than ever to understand how potential tax reform outcomes may impact their business. Controversies overapplying Section 263A capitalization rules IRS scrutiny of uniform capitalization issues increases the need for taxpayers to review their Section 263A computations, particularly with respect to such items as contingent royalties and negative costs. The corporate tax conundrum This background paper describes the taxation of corporate and non-corporate businesses in the United States, compares the US corporate tax system with that of its major trading partners, and describes the major economic distortions caused by the US rules for taxing income from capital. Don't go it alone! The IRS collection process The article examines the various steps of the IRS collection process and provides guidance for taxpayers and their advisors. FIN 48 and tax accrual workpapers: A new LMSB approach? The Washington National Tax Services practice provides analysis of two IRS documents issued in 2007 that provide insights into how the IRS will use existing FIN 48 disclosures and how the IRS may be re-evaluating its long-standing "policy of restraint" on tax accrual workpapers. Impact of the exchange of tax information between the IRS and foreign tax authorities This article provides the background behind exchange of information requests, describes the exchange process, and discusses how taxpayers can address an exchange of information request. Reducing risk: What every multinational company should know about international tax information reporting and withholding Washington National Tax Services article outlining what every multinational company needs to know about international tax information reporting and withholding to minimize corporate risk. Tax policy in transition: 2009 tax legislative outlook In this publication, PwC's Washington National Tax Services (WNTS) offers a preview of the tax landscape facing Congress, including economic recovery legislation, comprehensive tax reform proposals, tax-related priorities such as healthcare reform, climate change, and energy independence, and other tax policy matters of importance to today's business leaders. Total tax contribution: How much do large US companies pay in taxes? PwC survey of taxes paid by corporations, using the Total tax contribution framework commissioned by the Business Roundtable. What you need to know about the coming debate on tax reform: Risks and opportunities for US business PwC tax whitepaper that examines political and economic events that are establishing the environment for tax reform. The paper outlines how corporate tax reform presents both risks and opportunities for US business that companies should begin to evaluate. Industry sector publicationsTax benchmarkingPwC's industrial products tax leadership team released the 2008 tax benchmarking survey for the chemical, industrial, metals, and transportation & logistics industries. In addition to providing insight regarding the regulatory and global tax environment, these studies allow companies to assess how the drivers of their effective tax rates and overall standing compare with those of their industry peers.
AutomotiveIntellectual property in the automotive industry: Transfer pricing aspects This paper addresses the transfer pricing principles in the context of an automotive group, as some characteristics of the auto industry can make the analysis different to other sectors and, consequently, may create more conflicts between taxpayers and their revenue authorities.
InsuranceAmericas insurance digest Continuing developments in the taxation of insurance companies Closing agreements and the federal excise tax Treatment of insurance companies under dual consolidated loss regulations Investment managementAlternative fund investments in Latin AmericaThe Latin American alternative investment funds segment (which includes hedge funds, private equity funds, and real estate funds) has begun to flourish. Many new funds are being formed in the region, with Brazil and Argentina serving as hosts in many cases. While emerging market funds around the world are, on average, four times larger than Latin American funds, the growth of the alternative fund industry in Latin America has been outstanding. Recent trends for alternative fund investments in China US fund managers can now explore a wide spectrum of Chinese opportunities covering capital market portfolio investment, private equity, distressed debts, real estate and other high-yield investment assets. However, the Chinese investment and tax environment is extremely challenging because of constantly changing regulations, ambiguous interpretation of tax policies and inconsistent enforcement practices. Real estateThe sun also sets: Making the most of TIPRA’s changes to FIRPTA while they lastThis article will describe some of the changes in the law and their expected sunsets, discuss their application to some typical situations, and suggest internal controls to help with compliance. Technology2007 technology sector tax benchmarking studyThe 2007 study comprises 64 technology companies. The companies involve four segments: Software & services; Internet; Computers & networking; and Semiconductors The data is compiled from publicly available financial statements ending on or in the period March 2004 to December 2006. |
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