PODCAST

Bank regulators' proposal on tax allocation agreements

KPMG tax leaders Liz L’Hommedieu and Todd Voss discuss the proposed rule issued jointly by the Federal Reserve Board, the FDIC, and the OCC.

Elizabeth B. L'Hommedieu

Elizabeth B. L'Hommedieu

Principal, Financial Institutions & Products, KPMG US

+1 614-249-1849

Todd Voss

Todd Voss

Partner, Tax, KPMG LLP

+1 212-872-3170

Podcast overview

Washington National Tax principal, Liz L’Hommedieu, moderated a recent conversation with Todd Voss, a partner in the firm’s Global Banking practice and the national practice leader of ASC 740. In this conversation they discuss the proposed rule issued jointly by the Federal Reserve Board, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) that would codify, and make additions to, existing guidance on income tax allocation agreements among banks and their holding companies and affiliates. Todd highlights some of the key issues related to the proposal and shares his insights on how banks might address the proposed rule.