FIN 48
A comparison of FIN 48 and the tax penalty standard
PwC overview of the FIN 48's more likely than not (MTLN) standard on whether a position taken, or expected to be taken, in a tax return is more likely than not to be sustained.
Determining uncertain tax positions under FIN 48 for operations in Mexico
Companies are beginning to evaluate the US Financial Accounting Standards Board (FASB) Interpretation Number 48 (FIN 48) for their Mexican operations. FIN 48 will have a significant impact for US companies with operations in Mexico, Mexican companies listed on US exchanges and those companies preparing information under Generally Accepted Accounting Principles (GAAP) in the US.
Lifting the fog: Accounting for uncertainty in income taxes
This document discusses the Interpretation and highlights its most significant consequences for identifying, recognizing, and measuring uncertain tax positions. It also describes the new disclosures that are likely to increase the spotlight on uncertain tax positions, the accounting for changes in subsequent periods, the treatment of interest and penalties, balance sheet classifications, and internal controls. Further, it offers insights and considerations for effectively navigating this new guidance.
Thinking beyond uncertain tax positions
This whitepaper provides an overview of understanding the potential impact of interest computation and penalties related to FIN 48.
Health policy economics
Pharmacy benefit management savings in Medicare and the commercial marketplace and the cost of proposed PBM legislation, 2008-2017
The Pharmaceutical Care Management Association (PCMA) retained PricewaterhouseCoopers (PwC) to estimate the value of pharmacy benefit management as well as the potential impact of enactment of proposed legislation that would restrict pharmacy benefit management (PBM) activities for consumers, private employers, health plans, unions, and state and federal governments.
Healthcare policy in an Obama administration: Delivering on the promise of universal coverage
This report examines the challenges the Obama administration faces, explains how these reforms may be enacted, the potential impact for employers as well as those in the health industry and provides five ideas for making health care more affordable.
Human resources
2008 ERISA guide to reporting & disclosure
The guide is designed to help employee benefit plan sponsors, plan administrators, plan trustees, attorneys and accountants comply with the reporting and disclosure requirements of the Employment Retiree Income Security Act of 1974 (ERISA) and the Internal Revenue Code.
2007 Global equity incentives survey
This year's survey documents emerging best practices related to the design, accounting, tax planning, global coordination, and process and administration aspects of equity compensation. Additionally, this year’s survey asks new questions related to corporate controls, financial reporting, corporate tax, valuation, performance and market based metrics, customization of global plans to local markets and demographic groups, and total rewards.
HR innovation
HR innovation is a collection of thought leadership articles that explore current issues requiring the attention of today’s HR professionals.
International assignment perspective: Volume 2
This compilation from PwC's international assignment services practice shares fresh perspectives on a number of topics affecting multinational companies, including tax equalization, multi-state reporting requirements, international equity compensation and compliance, the devaluation of the US dollar and expansion into new territories with specific focus on navigating the uncharted waters of Africa.
International assignment perspectives: Special alerts
International assignment perspectives is a collection of thought leadership articles that explore current issues around mobility requiring the attention of today's HR leaders and tax directors.
Key trends in human capital: A global perspective
Saratoga presents "Key trends in human capital: A global perspective"—our analysis of key HR trends facing the United States and European business. The analysis encompasses data from over 10,000 organisations across a range of industries. It reveals the important human capital issues facing global business, and measures the total value of human capital and return on investment.
Managing tomorrow's people: The future of work to 2020
PwC's Human Resource Services practice's report on the future of work to 2020 and how organisations will face the challenges of a changing workforce.
PwC health and wellness touchstone survey results
PricewaterhouseCoopers Human Resource Services provides the results of our first-ever Health and wellness touchstone survey. The survey — which explores corporate wellness strategy with specifics around overall wellness and disease management, addressing increased costs and medical/prescription plan design — was conducted throughout the month of April 2008 and received over 550 responses from US companies across a wide range of industries.
The right peer group for the right pay plan
Guiding principles for formulating a peer set that will withstand heightened scrutiny and promote rational pay decision making.
IFRS
A tax perspective on implementation, IFRS-Tax action plan (March 2009)
This IFRS publication provides an illustrative action plan that your company’s tax function can use to assess the actions necessary to implement IFRS within the company’s specific timeline.
Implications of an IFRS conversion on property, plant and equipment from a US tax perspective
For capital-intensive businesses, including companies in the manufacturing and utility industries, PP&E may account for over 25% of their balance sheet's total assets. From componentization to measurement and asset impairment differences, the conversion from US GAAP to IFRS has the ability to impact the financial reporting of many organizations. In addition, these differences may also have implications on a company's tax accounting, compliance, planning, processes, and systems.
Implications of an IFRS conversion on the US research & development tax credit
Kendall Fox, a partner, John Scacco, a director, both with PricewaterhouseCoopers’ R&D tax credit practice and Luke Cherveny, a director, with PricewaterhouseCoopers’ IFRS national tax practice examine what, if any impact there is on the application of exissting R&D tax laws.
This publication is the first in a series of articles that explores how the proposed IASB changes might impact companies.
This publication details key considerations, as well as potential opportunities and drawbacks, related to the accounting changes that will result from a conversion to IFRS.
International tax
Aligning global business models and tax planning
This article addresses three fundamental areas that multinational companies must address to achieve an integrated global structure: profit alignment, attribute management, and treasury management.
Challenges of structuring business integrations in India
This PwC international tax services publication addresses the challenges of doing business in India.
International tax perspectives
This publication is a compilation of thought leadership pieces which address a cross-section of international tax issues and developments.
Shifting the balance: The evolution of indirect taxes
This publication offers an insight into the growth of indirect taxes around the world, drawing on data gathered from across our global indirect tax network.
Worldwide tax summaries
This whitepaper provides an up-to-date overview of the corporate and individual tax rates and rules in operation in over 100 countries.
State and Local Tax Services
State and local tax trends affecting businesses in 2009: Looking back, looking ahead
In 2008, the world began facing an economic crisis of confidence, to say the least. State and local governments, hardly immune from the difficulties of this past year, continue to change their laws in efforts to increase revenues. This year's journal is intended to help you work through the 2008 changes.
Facing California's DISA reporting deadline of May 31, 2009: Start your analysis now
California unitary groups have until May 31, 2009, to report outstanding deferred intercompany stock account ('DISA') accounts for tax years 2001-2007. Understanding the DISA reporting requirements and identifying specific transactions that may have been a triggering event for California purposes is the first step to ensuring compliance with this reporting requirement.
SALT update alerts
In 2008, PwC published an article titled Michigan’s next bold experiment: From the SBT to the MBT, in the State and Local Tax Services annual thought leadership journal State and local tax trends affecting businesses in 2008: Looking back, looking ahead. The article spells out the details of the 2007 transition from the Single Business Tax to the Michigan Business Tax, a two-pronged tax based on both gross receipts and business income.
Since the adoption of the MBT, the state legislature and the Department of Treasury have been amending and interpreting the new tax. Given the enormity of the change — the complete abandonment of one tax system for another — taxpayers and tax advisors have eagerly awaited these amendments and interpretations, which will have a significant impact for businesses as they gear up to file their initial MBT returns for 2008.
Tax accounting
Seven principles to consider when preparing a tax provision for subsidiary or carve-out financial statements
While not all-inclusive, this paper explains several key principles, which, if kept in mind, will enable preparers to manage a carve-out tax provision process more smoothly.
Fair value accounting: Tax considerations
This paper highlights the significance of the movement toward fair value accounting to those responsible for company tax matters. It addresses the trend from the perspective of each of several diverse areas in which tax matters intersect with fair value measurement.
Guide to accounting for income taxes 2007
This publication is intended to clarify the fundamental requirements involved in the accounting for income taxes and to highlight key points that should be considered before transactions are undertaken.
Tax function effectiveness
Managing the tax function through a weak economy
PwC tax function effectiveness whitepaper outlining options to consider when evaluating the operational perspective of the tax function.This article first appeared on CFO.com.
Driving performance effectiveness in the finance and tax functions
This paper identifies common impediments, processes, and synergies among the finance and tax functions. A focus on the critical interdependencies between key roles and processes, from a data, technology, people and workflow perspective, will allow for a more holistic view than has historically been taken. Because much of the same data is used by both functions, companies can create significant value by applying the same finance transformation approaches to challenges within the tax function.
Investing in tax operations: Making the case
To remediate or avoid these outcomes, many tax organizations are taking a fresh look at their operating strategies and seeking innovative solutions to transform their tax operations to meet or surpass the expectations of their stakeholders. This search for solutions has led many tax professionals to realize that technology can significantly aid in the effort to maintain or improve their effectiveness.
Now in its eleventh edition, PricewaterhouseCoopers' International transfer pricing 2009 is an annual review which provides general guidance on a range of transfer pricing issues in 65 countries. The publicationexplains why transfer pricing is of fundamental importance to multinational enterprises. As its author, Nick Raby, demonstrates, it is vital for every company to have a coherent transfer pricing policy which is responsive to the rapidly changing markets in which they operate. The book not only shows why sound transfer pricing policies must be developed within reasonable timescales, but also why such policies need to be re-evaluated regularly to allow for changes in the business.
This publication addresses how companies can make the most of difficult economic conditions outlining how to use benchmarking data to document present and past transfer prices, and demonstrates how the judicious use of both existing and new advance pricing agreements can help them defend, document, and optimise their intercompany transactions.
Washington National Tax Services (WNTS)
Total tax contribution: How much do large US companies pay in taxes?
PwC survey of taxes paid by corporations, using the Total tax contribution framework commissioned by the Business Roundtable.
10Minutes on tax reform
10Minutes on tax reform provides PwC's perspectives on the political and economic events shaping the tax reform debate, and provides steps companies should be taking now to anticipate both risks and opportunities from likely tax reform scenarios, and prepare for potential outcomes
Business tax outlook 2009 & beyond
Major challenges are facing the US income tax system, strengthening the impetus for tax reform, a prospect that congressional tax-writing committees and the presidential candidates have been heavily focused on. For corporations, it is more important than ever to understand how potential tax reform outcomes may impact their business.
The corporate tax conundrum
This background paper describes the taxation of corporate and noncorporate businesses in the United States, compares the US corporate tax system with that of its major trading partners, and describes the major economic distortions caused by the US rules for taxing income from capital.
Don't go it alone! The IRS collection process
The article examines the various steps of the IRS collection process and provides guidance for taxpayers and their advisors.
FIN 48 and tax accrual workpapers: A new LMSB approach?
The Washington National Tax Services practice provides analysis of two IRS documents issued in 2007 that provide insights into how the IRS will use existing FIN 48 disclosures and how the IRS may be re-evaluating its long-standing "policy of restraint" on tax accrual workpapers.
Impact of the exchange of tax information between the IRS and foreign tax authorities
This article provides the background behind exchange of information requests, describes the exchange process, and discusses how taxpayers can address an exchange of information request.
Reducing risk: What every multinational company should know about international tax information reporting and withholding
Washington National Tax Services article outlining what every multinational company needs to know about international tax information reporting and withholding to minimize corporate risk.
Tax policy in transition: 2009 tax legislative outlook
In this publication, PwC's Washington National Tax Services (WNTS) offers a preview of the tax landscape facing Congress, including economic recovery legislation, comprehensive tax reform proposals, tax-related priorities such as healthcare reform, climate change, and energy independence, and other tax policy matters of importance to today's business leaders.
What you need to know about the coming debate on tax reform: Risks and opportunities for US business
PwC tax whitepaper that examines political and economic events that are establishing the environment for tax reform. The paper outlines how corporate tax reform presents both risks and opportunities for US business that companies should begin to evaluate.
