The Office of Management and Budget (OMB) requests comments on its “Draft Report to Congress on the Benefits and Costs of Federal Regulations and Agency Compliance with the Unfunded Mandates Reform Act”, available at https://buff.ly/4eCP8Bs The Draft Report is divided into two parts, the first of which is further divided into several chapters. Part I, chapter I examines the benefits and costs of major Federal regulations issued in fiscal year 2023. Part I, chapter II discusses regulatory impacts on State, local, and Tribal governments, small business, wages and employment, and economic growth. Part I, chapter III offers recommendations for regulatory reform. Part II summarizes agency compliance with the Unfunded Mandates Reform Act. OMB requests that comments be submitted electronically to OMB by December 9, 2024, through buff.ly/3cgTK2K using Docket ID OMB-2024-0012. https://buff.ly/3O8cVi3
Society for Benefit-Cost Analysis’ Post
More Relevant Posts
-
Pro tip: You can round up to the nearest whole in nearly all reporting scenarios. Just because your spreadsheet or any orher software defaults to two decimal places doesn't mean the difference in those decimal places display is significant. 36.26% is 36% 87.56% is 88% 43.45% is 43% And if the difference is slight-- like 41.25% vs 40.78%, ask yourself whether those numbers add significant value to the report. It's likely the difference is not meaningful, especially when we are talking about percentages and rates, which display relationships but not absolutes. The IRS rounds up to the nearest dollar, and you can too. Your editors, stakeholders, and executives will thank you for telling a cleaner, clearer story.
To view or add a comment, sign in
-
This post comes in 2 parts: Part 1. It is so important that MNEs respond to this. Doing nothing will cost tens if not hundreds of thousands of Euros. Here are some things to ask for. Right now both the OECD and the EU seems to be following a very hands-off approach and seem to let the individual countries do what they want. 1. Ask that all countries use the exact same schema and do not each throw in their own odds and bits. Read this post of mine on CbCR (you know, the "easy" one) and how country specific requirements (link below) create unnecessary complexity. 2. Ask that countries exchange the P2 files with each other as much as possible, so we do not have to do multiple filings. 3. When countries do do their own thing, ask that they publish sample xml files (which work and are not outdated). 4. Ask countries to stop inventing their own DocRefID requirements. They are all sharing these files with each other and if Germany must read UK filings and the UK must read Dutch filings, standardise the all the DocRefIds and focus on ease of compliance. 5. Publish what the standard UTF-8 character set is. Right now different countries are rejecting different characters. 6. Make the required namespace public (it happens automatically if the OECD and countries would also publish sample xml files). 7. Make xml conversion and validation tools available online, or better still develop one central tool that can convert an Excel template into the required xml schema. If I can do that, so can the OECD and the countries.
Draft User Guide for the GloBE Information Return XML Schema
oecd.org
To view or add a comment, sign in
-
Scanning the face page of your K-1❓ That's a great start ❗ Now take the next step. Extract PDF K-1 data from your ✅ State reporting ✅ Whitepapers ✅ K-3 #taxcompliance #taxtechnology #taxtransformation
To view or add a comment, sign in
-
Scanning the face page of your K-1❓ That's a great start ❗ Now take the next step. Extract PDF K-1 data from your ✅ State reporting ✅ Whitepapers ✅ K-3 #taxcompliance #taxtechnology #taxtransformation
To view or add a comment, sign in
-
Scanning the face page of your K-1❓ That's a great start ❗ Now take the next step. Extract PDF K-1 data from your ✅ State reporting ✅ Whitepapers ✅ K-3 #taxcompliance #taxtechnology #taxtransformation
To view or add a comment, sign in
-
Scanning the face page of your K-1❓ That's a great start ❗ Now take the next step. Extract PDF K-1 data from your ✅ State reporting ✅ Whitepapers ✅ K-3 #taxcompliance #taxtechnology #taxtransformation
To view or add a comment, sign in
-
Scanning the face page of your K-1❓ That's a great start ❗ Now take the next step. Extract PDF K-1 data from your ✅ State reporting ✅ Whitepapers ✅ K-3 #taxcompliance #taxtechnology #taxtransformation
To view or add a comment, sign in
-
Scanning the face page of your K-1❓ That's a great start ❗ Now take the next step. Extract PDF K-1 data from your ✅ State reporting ✅ Whitepapers ✅ K-3 #taxcompliance #taxtechnology #taxtransformation
To view or add a comment, sign in
842 followers