Press Room: Income Taxes

November 24, 2015

Andersen to Present ASC 740 Perspectives for Year End

Bloomberg BNA | CITE, was formed to educate U.S. and foreign multinationals and companies engaged in international business on the tax, legal and accounting aspects of doing business overseas. Seminar speakers are experts ...

August 09, 2017

Seattle Approves Income Tax on High-Income Individuals and Trusts

On July 10, 2017, the City of Seattle (City) unanimously approved Council Bill 119002 to create an income tax on high-income individuals and trusts. The tax is estimated to generate $140 million per year for Seattle which ...

February 10, 2020

New FASB ASU Issued to Simplify Accounting for Income Taxes

On December 18, 2019, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes, in an effort to simplify the accounting of income taxes. ...