英语翻译SFAS 109 requires the recognition of deferred tax liabil

英语翻译SFAS 109 requires the recognition of deferred tax liabilities for temporary differences due to the undistributed earnings of essentially permanent domestic subsidiaries and joint ventures for fiscal years beginning on or after December 15,1992.SFAS 109 does not,however,require deferred tax provisions in the following cases:Undistributed earnings of a foreign subsidiary or joint venture that are considered to be permanently reinvested.Undistributed earnings of a domestic subsidiary or joint venture for fiscal years prior to December 15,1992.In its income tax note(note 9),Pfizer reports that the firm has not recorded a U.S.tax provision of $1.9 billion on $ 8.2 billion of undistributed earnings of foreign affiliates at December 31,1999.