This course begins with a brief review of recent developments in international tax law. Issues covered include: the recent October 12, 2017 outreach by Eight U.S. Senators, a similar July 2017 initiative involving 16 House Representatives, and a number of letters from prominent investors and financial analysts to the Chair of the U.S. Financial Accounting Standards Board stating their views on changes to the disclosure requirements for income tax information. These disclosures require that large companies disclose, among other things: income, assets, number of employees, and taxes paid on a country by country basis. The U.S. Senators noted that recent estimates show that U.S. companies currently hold more than $2.6 trillion offshore, with significant holdings in tax haven jurisdictions.
Country-by-country disclosure is important for policymakers and the general public, as the information will be useful in examining economic trends and addressing public policy issues. This course examines the risks and challenges associated with recent changes and trends concerning international tax disclosure requirements. Join attorney R. John Smith for this informative deep dive into international tax matters.
Great demeanor and attitude of presenter, and obviously well studied.