In this release we provide an update on a variety of accounting and reporting developments, including:
- an update on the income tax accounting topics added to the Financial Accounting Standards Board’s agenda
- amendments proposed to the International Accounting Standard 12 Income Taxes
- recent International Financial Reporting Standards Interpretation Committee’s guidance on some tax-related matters, and
- country-by-country reporting template presented at the recent G20 meeting.
We also draw your attention to some significant tax law and tax rate changes that occurred around the globe during the quarter ended 30 September 2014.