Out of the shadows

Apr 01, 2007
<p>Fin 48 puts US tax reserve on the books but more volatile tax rates could impact earnings.&nbsp; Added disclosure could raise tax rates so IROs should brace for investor questions.</p>
Mention the words ‘tax accounting change’ and you’re guaranteed a lukewarm response. Tax is one of the most complex and least understood areas of accounting, and most IROs leave it to the professionals. ‘Our tax department will handle any change; I won’t

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