Calcbench

Taxes Paid to Ireland $11.92B Taxes Paid to U.K. $10.04B Taxes Paid to China $6.22B Today we continue our series on new corporate tax disclosures by asking a simple question: Which foreign countries receive the most tax payments from U.S. filers?  As you might recall from our previous post , this year we’re starting to see a wave of new disclosures about corporate tax payments, courtesy of a new accounting standard that went into effect in 2025. U.S. filers must now report actual taxes paid to different jurisdictions around the world, so long as those individual amounts are at least 5 percent of total taxes the company pays that fiscal year.  Calcbench tracks all this data (of course), which means that financial analysts can gain new insight into where the companies that you follow tend to pay the most taxe...

Calcbench is always striving to provide more data to our subscribers, so you can put that data to good use driving better financial analysis. To that end, today we kick off a short series of posts on new tax payment disclosures that companies are now making: what that data is, what it tells you about corporate financial performance, and how you can find it in Calcbench.  This is the same dataset Calcbench provided to The Wall Street Journal for its March 20 story about corporate cash taxes paid. Our tale begins in 2023, when accounting rule-makers adopted a new standard formally known as ASU 2023-09, Improvements to Income Tax Disclosures . The standard requires companies to report the actual taxes they pay to different jurisdictions around the world, so long as those individual amounts are at least 5 percent of total taxes the company pays that fiscal year.  For most companies, ASU 2023-09 went into effect with their 2025 fiscal years, which means we’re seeing these new...