Author: Bridget Stomberg

Other

New Financial Statement Disclosures Give Us a Better Tax Map. We Need to Use it Carefully.
By Bridget Stomberg May 6, 2026May 6, 2026

For reporting periods beginning on or after December 15, 2024, the Financial Accounting Standards Board (FASB) is requiring public companies to provide enhanced tax disclosures in their 10-K. These disclosures respond to demand from investors, creditors, and lenders for greater transparency about how global operations, tax planning and tax risk affect cash flows and effective tax rate (ETR)….

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International

Can Tariffs Replace the Individual Income Tax?
By Bridget Stomberg March 31, 2026April 7, 2026

A proposal to replace the modern individual income tax system with tariffs raises fundamental concerns. The economic burden of tariffs falls disproportionately on lower-income households, and tariffs do not raise sufficient or stable revenues that can serve as a plausible substitute for the individual income tax.

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