2025, accounting standards and tax planning

FASB Issues Standard That Enhances Income Tax Disclosures

CPA Practice

DECEMBER 14, 2023

The Financial Accounting Standards Board ( FASB ) has issued an Accounting Standards Update (ASU) that addresses requests for improved income tax disclosures from investors, lenders, creditors, and other allocators of capital (collectively, “investors”) that use the financial statements to make capital allocation decisions.

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How to Plan for Global Tax Minimization

Cherry Bekaert

MAY 3, 2024

Therefore, a well-thought-out global tax management strategy will be imperative to the success of your global business activities. With proper tax planning a company is able to reduce its worldwide effective tax rate as it expands overseas. CFC income that is classified as GILTI is taxed in the U.S.

Tax

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Accountant Advocate

FASB Issues Standard That Enhances Income Tax Disclosures

How to Plan for Global Tax Minimization

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