TEI Comments on the FASB’s Proposal for Enhanced Income Tax Disclosures

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On May 30, TEI submitted comments to the Financial Accounting Standards Board regarding its proposal to require companies to disclose disaggregated income tax information in financial statements.

TEI noted its significant concerns about the proposal but nevertheless offered detailed recommendations aimed at reducing confusion and making the information more useful to investors.

TEI’s comments were prepared by TEI’s Financial Reporting Committee, chaired by Chris Anderson. Patrick Evans, chief tax counsel for TEI, coordinated the preparation of the comments. Read the comments here.

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