February 1, 2023
Financial Reporting Alert 23-1, Emerging ASC 740 Issue Related to OECD Pillar Two (February 1, 2023)
This Financial Reporting Alert discusses ASC 740 accounting considerations related to tax laws that conform to the “Pillar Two” rules developed by the Organisation for Economic Co-operation and Development (OECD), which include establishing a global minimum corporate tax rate of 15 percent.
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