The Global tax accounting services newsletter is a quarterly publication from PwC's Global Tax Accounting Services (TAS) group. In the newsletter, we highlight issues that may be of interest to tax executives, finance directors, and financial controllers.
In this issue, we discuss the tax accounting implications of the recently enacted reform to US tax law. We also provide an update on some of the FASB’s recent activity, set out some of the implications of the new auditor reporting model, discuss the new EU tax blacklist and note the IFRIC’s recent tax related activity.
In addition we draw your attention to some other significant tax law and tax rate changes that occurred around the globe during the quarter ended December 2017. We continue to see a number of territories proposing or introducing legislation in response to the OECD’s BEPS initiative and the European Union’s Anti-Tax Avoidance Directives.
Finally, we summarise some key tax accounting areas that could be relevant to the preparation of 2017 year-end financial statements.
If you would like to discuss any of the items in this newsletter, tax accounting issues affecting business today, or general tax accounting matters, please contact your usual PwC advisor.
