Date: September 30, 2016
Issue: Accounting
To: Financial Accounting Standards Board
Filing Type: Comment letter
Description: While the Chamber supports many aims of the proposal, we believe that some elements can be improved, particularly with respect to the term disclosure of “significant” income taxes paid to any country. Additionally, we believe that the proposal would benefit from recognition that disclosure of certain items is either not decision-useful or duplicative of existing SEC requirements, like cash held abroad and certain income-tax related items, and may be motivated by interests outside of the scope of the Proposal.