Every busy season, someone in the office eventually says, “Show me where the cash actually went.” Thanks to a new Financial Accounting Standards Board disclosure rule, we can now say that about corporate income taxes, too. For the first time,...
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Corporate Tax Dollars Flowing Beyond U.S. Borders
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Subscribe19 FEB 2026 / FASB REPORTING
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A new rule from the Financial Accounting Standards Board (FASB) now requires large US-based public companies to detail cash taxes paid by country in their annual reports, revealing that many such entities are paying more income tax overseas than to the US Treasury. This new transparency may impact future corporate tax planning, audit scrutiny, and potentially bring revised regulations as it has become clear that existing structures allow profits to be booked in countries with lower tax rates, such as Ireland, Bermuda, and Singapore, thus reducing US taxable income.
Every busy season, someone in the office eventually says, “Show me where the cash actually went.” Thanks to a new Financial Accounting Standards Board disclosure rule, we can now say that about corporate income taxes, too. For the first time,...
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