Investors Await Companies Dishing Out More Tax Details (Podcast)

Coming soon to corporate financial statements: a lot more tax transparency.

_{Listen here and subscribe to Talking Tax on Apple Podcasts, Spotify, Google Podcasts, Megaphone, or Audible.}

After seven years and three rounds of proposals, the Financial Accounting Standards Board in December published new rules requiring companies to shed light on the income taxes they pay to federal, international, and state governments.

The disclosure rules, which kick in as early as 2025, are a response to years of complaints that current financial reporting rules offer too few details about tax obligations. ...