Tax & Accounting Blog

Poland Issues Draft Amendment on Public Disclosure of Country-by-Country Reporting Information

Poland Issues Draft Amendment on Public Disclosure of Country-by-Country Reporting Information

On June 26, 2017, Poland issued a new amendment (new article 27b) to the Corporate Income Tax Act (CITA), which would require public disclosure of tax information for large taxpayers. The information disclosed would include the taxpayer’s name and tax identification number; relevant tax year; revenue; incurred expenses; earned income or loss; and … Read More

U.S. Congress Urges FASB to Require Public Disclosure of Country-by-Country Reporting Information

U.S. Congress Urges FASB to Require Public Disclosure of Country-by-Country Reporting Information

On July 18, 2017, Members of the U.S. Congress sent a letter to the Financial Accounting Standards Board (FASB) with respect to FASB’s proposed Accounting Standards Update regarding the Disclosure Framework project on income taxes. The Disclosure Framework project is intended to improve the effectiveness of disclosures in the notes to financial statements. … Read More

KPMG’s Manal Corwin on the OECD BEPS Multilateral Instrument

KPMG’s Manal Corwin on the OECD BEPS Multilateral Instrument

Manal Corwin is national leader of the International Tax practice of KPMG LLP (U.S.) and principal in charge of International Tax Policy in the firm’s Washington National Tax practice. In addition, she leads KPMG’s Global BEPS network. Earlier in her career, Corwin served as deputy assistant secretary for International Tax Affairs in the Office of … Read More

Singapore Updates Guidance on Country-by-Country Reporting

Singapore Updates Guidance on Country-by-Country Reporting

On July 11, 2017, the Inland Revenue Authority of Singapore (IRAS) published the second edition of the e-tax guide (the “Guide”) on country-by-country (CbC) reporting. The first edition was published on October 10, 2016. See BEPS Action 13. The Guide provides guidance for taxpayers with respect to CbC reporting requirements, including how … Read More