In part I, using Ford Motor Company as an example, I argue that the sheer opacity of current tax disclosures makes it virtually impossible for even an informed investor to forecast a sustainable tax rate.
13 Oct 2001: A detail shot of the Ford logo with an American Flag during the Honda Grand Prix of … [+] Monterey, featuring the Shell 300, part of the CART FedEx Championship Series at the Mazda Raceway at Laguna Seca in Monterey, California.Mandatory Credit: Darrell Ingham /Allsport
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The FASB announced in their November 2022 meeting that they will expand disclosures of income taxes paid, disaggregated by jurisdiction on the basis of a quantitative threshold of 5 percent of total income taxes paid. They have also asked for more details in the rate reconciliation table such as reconciling items by nature and by jurisdiction, on the basis of a quantitative threshold of 5 percent, within the foreign tax effect…
