01 April 2019 EY publication discusses revisions to FASB's proposed changes to income tax disclosure requirements After evaluating feedback and the effects of the Tax Cuts and Jobs Act, the FASB has revised its proposal to change the income tax disclosure requirements. The revised proposal would require separate foreign and domestic disclosures about pre-tax income (loss) from continuing operations before intra-entity eliminations and other disaggregated disclosures about tax expense (benefit) and income taxes paid. It would also change certain disclosure requirements for uncertain tax positions, valuation allowances, the effective tax rate reconciliation and tax carryforwards, while eliminating requirements to disclose certain information on uncertain tax positions and unrecognized deferred tax liabilities. The attached To the Point article discusses the revised proposal in detail.
Document ID: 2019-0647 | |||||||||
