Bloomberg Tax
June 30, 2021, 8:45 AM

Companies to Disclose Limited Details on Government Assistance

Nicola M. White
Nicola M. White

After years of resisting, companies in 2022 for the first time will be forced to reveal in their financial statements how much money they get in breaks, grants, and government incentives. But don’t expect too many details.

The forthcoming accounting requirements are so narrow that few types of government assistance programs will be captured by the new rules. And some of the programs that would qualify — like the wave of pandemic aid that infused company coffers in 2020 — won’t exist when the requirements become mandatory.

“It might be very little that ends up getting disclosed by the time ...

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