With growing acceptance of International Financial Reporting Standards (IFRS) around the world, U.S. multinationals should closely watch other countries’ transitions to IFRS, as they could have a significant bearing on a company's global tax planning. 

A new report, "International Financial Reporting Standards for U.S. Companies: Tax Implications of an Accelerating Global Trend," discusses implications in such areas as:

• Local interest deductibility
• Hybrid instruments
• Foreign currency gains and losses
• Amortization and other deductions
• Transfer pricing
• Share-based compensation
• Repatriation strategies

Download the full report below to learn more. 

Related Content
Overview: IFRS Resources
Webcast: U.S. Generally Accepted Accounting Principles (GAAP) and IFRS Convergence: Bridging the Divide