Corporations must give detailed breakdowns in regards to the source of revenue taxes they pay underneath a long-awaited proposal US accounting standard-setters launched Wednesday.
The plan marks the 3rd time in seven years the Monetary Accounting Requirements Board has tried to require companies to polish gentle on some of the complicated—and continuously debatable—components in their financials.
Companies must divulge each quarter the year-to-date quantity of source of revenue tax they paid, internet of refunds won, to state, federal, and international taxing government. They must supply much more particulars in annual experiences. For every year experiences, in the event that they pay …
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