Under a Financial Accounting Standards Board proposal, companies could reflect the effects of the new 21% rate on their balance sheets.
It’s safe to say that most executives and business leaders understand that businesses get audited for sales and use tax, but only a small percentage…
The company posted its first net loss in a quarter of a century but adjusted earnings and revenue beat analysts' estimates.
Despite the retail crisis, modernized players in the industry can show CFOs in other businesses a world beyond spreadsheets.
The bank's earnings excluding the tax items beat estimates, with consumer banking posting a particularly strong quarter.
The IRS and Treasury rush to clarify uncertainties about repatriation of offshore earnings.
Morgan Stanley, Darden Restaurants also report effects of the tax cuts.
Two-thirds of the writedown is due to a provision of the law designed to encourage companies to repatriate funds from overseas.
The bank is joining other companies that are writing down the value of their deferred tax assets in the wake of the U.S. legislation.
S&P estimates the cut in the corporate tax rate will result in an aggregate writedown of about $14 billion of life insurers' deferred tax assets.