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FASB re-proposes changes to income tax disclosures

FASB re-proposes changes to income tax disclosures

The FASB this week proposed an Accounting Standards Update (ASU) in an effort to improve income tax disclosures as part of the FASB’s disclosure framework project.


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The FASB first proposed changes in July 2016, but revised several proposed disclosures based on constituent feedback. The changes would affect all companies required to make disclosures about income taxes.

Read a March 2019 report prepared by KPMG LLP about the proposed ASU

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