Accounting–MNE Tax

Accounting

FASB updates standard for call options

May 21, 2021

The Financial Accounting Standards Board on May 3 issued an updated standard clarifying an issuer’s accounting for certain modifications or exchanges of freestanding equity-classified written call options . . .

Accounting

FASB proposes changes to enhance hedge accounting

May 14, 2021

The Financial Accounting Standards Board (FASB), on May 5, issued a proposed accounting standards update to enhance the transparency of hedging activities for investors and analysts . . .

Accounting

IFRS Foundation publishes ‘Compilation of Agenda Decisions—Volume 4’

May 14, 2021

The International Financial Reporting Standards (IFRS) Foundation on April 28 published the fourth volume of its “Compilation of Agenda Decisions,” a collation of decisions the IFRS Interpretations Committee put forth from October 2020 to March 2021 . . .

Accounting

UK’s Financial Reporting Council announces appointments to its advisory panel

May 13, 2021

The UK’s Financial Reporting Council (FRC) on May 4 announced the appointment of 19 members to its advisory panel, established a few months prior . . .

Accounting

Under Armour Inc. pays USD 9 million SEC fine to settle disclosure failure charge

May 13, 2021

Sportswear manufacturer Under Armour Inc. has agreed to pay $9 million to settle a May 3 charge from the Securities and Exchange Commission that it misled investors . . .

Accounting

AICPA urges US Congress to clarify international tax provisions

May 13, 2021

The American Institute of CPAs (AICPA) urged US Congress on May 7 to correct and clarify current international tax provisions in the Internal Revenue Code . . .

Accounting

Australian budget includes patent box, depreciation changes

May 13, 2021

The Australian government’s 2021–2022 budget, released May 11, announces plans to encourage research through a new patent box regime and other measures and to provide broader business investment support . . .

Accounting

IFRS Foundation proposes new sustainability standards board, publishes feedback on sustainability reporting

May 13, 2021

The IFRS Foundation on April 30 published proposed amendments to its constitution to form a new sustainability standards board within the organization . . .

Accounting

IASB proposes update to the IFRS Taxonomy 2021

May 13, 2021

The International Accounting Standards Board (IASB) on April 21 published a proposed update to the IFRS Taxonomy 2021 to reflect amendments to the IFRS Standards, issued by the Board in February . . .

Accounting

US IRS revises guidance on accounting method changes for controlled foreign corporations

May 12, 2021

The US IRS on May 11 released guidance that aims to make it easier for controlled foreign corporations to . . .

Accounting

New US tax schedules allow enhanced international tax reporting for pass-throughs

May 4, 2021

The US Treasury Department and the IRS, on April 30, released early release drafts of redesigned schedules K-2 and K-3 for forms 1065, 1120-S, and 8865 for tax year 2021 . . .

Accounting

FASB council considers cash flow statement, financial performance reporting changes

May 3, 2021

Members of the Financial Accounting Standards Advisory Council (FASAC) expressed support for certain improvements to cash flow statements in an April 8 meeting in which they discussed the importance for FASB to improve various financial reporting areas . . .

Accounting

FASB to host virtual credit loss panel

April 21, 2021

The Financial Accounting Standards Board (FASB) announced on April 20 that it will host a virtual roundtable next month on implementing the current . . .

Accounting

FASB appoints three members to small business advisory committee

April 21, 2021

The Financial Accounting Standards Board (FASB) on April 20 announced the appointment of three new members . . .

Emma Hinson Sims on The Pillar One blueprint — the potential future of international taxation and transfer pricing: “HAPPY BIRTHDAY TO A VERY SMART, BEAUTIFUL, YOUNG LADY ON JANUARY 13TH.” January 6 ,2024

David Valdez on US Tax Court resolves Whirlpool tax dispute involving Mexican maquiladora structure: “Greetings Whirlpool Mexico, I’m trying to contact someone involved with the decision making for transportation from all of your Mexican…” October 20 ,2023

Jose Dominguez on The new US international tax rules: what you need to know about GILTI, FDII, BEAT etc.: “Very informative article. Question. Do you have a software to compute these US International Calcs to make them in house?” April 12 ,2023

Ciro César Soriano de Oliveira on Danish High Court rules on beneficial ownership of dividends for tax purposes: “Dear Ms Susi, This article is immensely clarifying. I’d like to know whether Danish Supreme Court has already granted its…” March 24 ,2023

Ciro César Soriano de Oliveira on Danish High Court rules on beneficial ownership of dividends for tax purposes: “Dear Ms. Susi, This article is very clarifying. I wonder whether Danish Supreme Court has already granted its decision referred…” March 24 ,2023

May 19 – 20	Tax Council Policy Institute Conference	Washington, D.C.
May 19 – 20	IFA Second European Region Conference	Milan, Italy
May 24	IFA Webinar Series Pillar Two: An Update	Virtual Event
Sept. 4 – 8	IFA Congress	Berlin