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FASB staff issues four tax reform Q&As

  • FASB (US Financial Accounting Standards Board) Image

Jan 22, 2018

The FASB staff has issued four Q&As on certain implementation issues related to the Tax Cuts and Jobs Act.

The Q&As discuss the following topics:

  • Whether to discount the tax liability on the deemed repatriation.
  • Whether to discount alternative minimum tax credits that become refundable.
  • Accounting for the base erosion anti-abuse tax.
  • Accounting for global intangible low-taxed income.

For more information, see the press release on the FASB’s Web site.

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