December 2019 major tax law changes

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January 2020

Overview

We summarise below major global tax law developments in December 2019 that were not previously discussed in our November/December 2019 edition of International Tax News issued on 6 January 2020.

Information presented in this alert is an aid for multinational companies preparing their income tax accounting analysis for the period ended 31 December 2019. It is intended to increase readers’ awareness of global tax law changes during December 2019, but does not offer a comprehensive list of tax law changes that should be considered for financial statements.

Unless specifically indicated, the discussion and references throughout this publication pertain to US generally accepted accounting principles (US GAAP) and reporting considerations. 

The takeaway

We have summarised major global tax law developments in December 2019 that were not previously discussed in our November/December 2019 edition of International Tax News issued on 6 January 2020.

You should not rely on the information contained within this alert without seeking professional advice. For a thorough summary of developments, and a deeper discussion of how the proposed amendments to income tax disclosures might affect your business, please contact your PwC engagement team or Tax Accounting Services network member.

Contact us

Rick Levin

US Tax Accounting Market Leader, PwC US

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