XBRL and Its Impact on Corporate Tax Departments.

The article discusses the impact on corporate tax departments of eXtensible Business Reporting Language (XBRL). Several nations including Great Britain have mandated the use of XBRL for tax reporting. The U.S. Internal Revenue Service is examining how XBRL can streamline reporting and make it less onerous for firms and the government. Several options for implementing XBRL are noted.