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GOP Lawmakers Tell Accounting Board to Nix Tax Disclosure Plan

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GOP Lawmakers Tell Accounting Board to Nix Tax Disclosure Plan

  • By Nicola M. White

Republican lawmakers want the Financial Accounting Standards Board to withdraw its proposal to force companies to report more details about how much they pay in income taxes and where. The lawmakers said the proposal would expose US multinational companies to enhanced review and tax audits by foreign governments and put them at a competitive disadvantage.

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