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06 June 2019

EY comments on FASB's proposed changes to disclosure requirements for income taxes

In the attached comment letter, EY expresses support for the FASB's proposal to remove certain disclosures that are currently required under ASC 740, Income taxes, but less meaningful as a result of US tax reform. At the same time, the comment letter expresses concern about the operability and effectiveness of certain other proposed changes to the disclosure requirements and encourages the Board to perform additional research or clarify its intent.

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RELATED RESOURCES

— For more information about EY's Tax Accounting services, visit us at www.ey.com/US/TaxAccounting
— For more information about EY's Tax Accounting University education program for clients, visit us at www.ey.com/TAU

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Contact Information
For additional information concerning this Alert, please contact:
 
Tax Accounting and Risk Advisory Services
• Angela Evans(404) 817-5130
• Joan Schumaker(212) 773-8569

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ATTACHMENT

Comment Letter

Document ID: 2019-1047

 

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