Managing tax risks : US regulatory, tax and financial statement approaches

Resource Information

The work Managing tax risks : US regulatory, tax and financial statement approaches represents a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation. This resource is a combination of several types including: Work, Language Material, Continuing Resources.

Label

Managing tax risks : US regulatory, tax and financial statement approaches

Creator

• Carman, P

Subject

• disclosure
• financial statement
• reporting requirements
• risk management

Language

eng

Summary

Tax is an expense and reduces a company's net earnings per share. The earnings per share is a common factor in considering a company's health and value. There are two conflicting tensions in every company in regard to managing the tax expense: the pressure to adopt positions and undertake transactions that will reduce the company's tax expense, and the obligation to present the company's tax position fairly and accurately to the public and to the tax authorities. This article focuses on the requirement of US public companies to present financial information fairly and accurately, and the obligation to disclose aggressive tax positions to the US tax authorities

Citation source

In: Derivatives and financial instruments. - Amsterdam. - Vol. 18 (2016),

Geographic coverage

North America

Language note

English