In depth: FASB issues guidance on income tax disclosures

December 2023

At a glance

On December 14, the FASB issued a final standard on improvements to income tax disclosures. The standard requires disaggregated information about a reporting entity’s effective tax rate reconciliation as well as information on income taxes paid. The standard is intended to benefit investors by providing more detailed income tax disclosures that would be useful in making capital allocation decisions.

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Ed Geils

Ed Geils

Global and US Tax Knowledge Management Leader, PwC US

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