Global Tax Accounting Services Newsletter (July – September 2015)
The newsletter is 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.
Global Tax Accounting Services Newsletter (April – June 2015)
This release is designed to help multinationals stay aware of tax accounting and regulatory developments under US GAAP and IFRS, whilst providing some technical guidance on challenging tax accounting areas. The topics featured in this edition are amongst others: The Financial Accounting Standards Board’s exposure draft on tax accounting for stock compensation The status of
When to account for tax law changes (IFRS and US GAAP)
Keeping track of tax law changes around the world has increasingly become a challenge for businesses. Companies are rapidly expanding their geographic footprint at a time when the evolution and developments in jurisdictional tax laws are undergoing nearly constant change. Naturally, changes in tax law have an impact on tax planning, tax return preparation and,
Global Tax Accounting Services Newsletter (January – March 2015)
This release is designed to help multinationals stay aware of tax accounting and regulatory developments under US GAAP and IFRS, whilst providing some technical guidance on challenging tax accounting areas. The topics featured in this edition are amongst others: the FASB’s exposure draft on intra-entity asset transfers and the balance sheet classification of deferred taxes,
The FASB proposes two Accounting Standard Updates on income taxes
As part of a simplification initiative, the Financial Accounting Standards Board (‘FASB’) issued an exposure draft of two proposed Accounting Standard Updates (‘ASUs’) relating to the accounting for income taxes of the following items: Intra-Entity Asset Transfers Currently the buyer and the seller involved in intra-entity asset transfers are generally required to defer the income
Global Tax Accounting Services Newsletter (October-December 2014)
This release provides an update on a variety of accounting and reporting developments, including: an update on income tax accounting topics added to the Financial Accounting Standards Board’s agenda recent International Financial Reporting Standards Interpretation Committee’s (IFRS IC) guidance on some tax-related matters state aid developments enforcement priorities in relation to 2014 IFRS financial statements recently released
ESMA issues new enforcement priorities for 2014
The European Securities and Markets Authority (the ESMA) has published its European Common Enforcement Priorities (the Priorities) for 2014. These Priorities identify topics that the ESMA, together with European national enforcers, see as a key focus of their examinations of listed entities’ IFRS financial statements. The aim of the common enforcement priorities is to achieve a high
Exposure Draft: Recognition of DTA for Unrealised Losses (IFRS)
The IASB has proposed amendments to IAS 12 on deferred tax asset recognition for debt instruments measured at fair value. The exposure draft also suggests a new illustrative example. The comment period ends on 18 December 2014. The exposure draft proposes to clarify the following: unrealised losses on debt instruments measured at fair value and
