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Deloitte comments on FASB's proposed income tax guidance related to new tax reform law

Published on: Feb 02, 2018

Deloitte & Touche LLP comments on the FASB's proposed ASU Reclassification of Certain Tax Effects From Accumulated Other Comprehensive Income, which was issued in January 2018.

An excerpt from the comment letter is shown below:

We support the Board’s efforts to respond timely to concerns raised by stakeholders that the Tax Cuts and Job Act of 2017 would result in tax effects of items within accumulated other comprehensive income (AOCI) not reflecting the appropriate tax rate. We believe the proposed ASU addresses this concern.

For more information, see the full text of the comment letter which is available below.

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