Advanced Issues in International Tax Law Matters

Production Date: October 19, 2017 Practice Areas: Tax Law and International Law Estimated Length: 3748 minutes


$ 59 Tax Law and International Law In Stock

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.  

Learning Objectives:

  1. Analyze the concepts of international tax law, with particular focus on recent developments with the Financial Accounting Standards Board changes to the disclosure requirements
  2. Assess current risks and challenges to public country-by-country reporting
  3. Evaluate and distinguish between current information disclosures and potential burdens, such as the likelihood of U.S. legislative actions
  4. Address current trends in annual country-by-country disclosure of profit or loss before taxes, such as: income tax accrued for the current year; revenues from unrelated parties and related parties; income tax paid (on a cash basis); effective tax rate; stated capital; accumulated earnings; number of employees; and the value of tangible assets other than cash or cash equivalents

Bruce M.
Bismarck, ND

Great demeanor and attitude of presenter, and obviously well studied.