Peer Tax Disclosure
What your peers actually filed. Every month.
A monthly intelligence brief that mines SEC filings — 10-K, 10-Q, S-1, CORRESP and UPLOAD — across a defined technology and AI peer universe, and reports the tax positions companies are actually taking, in their own filed language. Grouped by audit firm, because disclosure language normalizes within an auditor's client base.
Why it does not exist anywhere else
Enterprise platforms sell you the haystack.
Intelligize, Calcbench, and Capital IQ sell the underlying search and XBRL data at enterprise prices — generalist self-serve tools. You still have to know which lines matter, and do the extraction yourself. This delivers the curated conclusion, assembled by a three-time S-1 tax lead, for a fraction of the price. The Big Four cannot offer it at all: commenting on peer registrants' disclosures conflicts with their audit relationships.
See it before you buy it
Exactly what each tier delivers — same brief, different depth.
Standard
- One sector, one revenue band of your choosing
- All 13 components, every monthly issue
- GAAP/non-GAAP ETR benchmark for that peer set
- SEC comment-letter digest for companies in your set
- Current-period tables only
Executive
- Every published sector and revenue band
- Historical trend series — multi-period, not single-issue
- Custom peer sets — name your own comp companies
- Board and CFO-ready one-pager export
- All 13 components, every monthly issue
Both samples above use the same two real filings shown in the hero — the difference is depth, history, and export format, not accuracy. Executive is the version built for something that has to survive a board meeting.
Coverage
Nine sectors. Five revenue bands. Forty-five combinations.
Software / SaaS
AI / Generative AI / AI Infrastructure
Fintech / Payments / Financial Technology
Internet / Digital Platforms
Semiconductors / Hardware / Electronics
Biotechnology / Life Sciences Technology
Cloud Infrastructure / Cybersecurity Technology
Frontier Tech / Space & Defense
Pre-IPO and High-Growth Technology
Each sector is published across five revenue bands — Under $100M · $100M–$500M · $500M–$1B · $1B–$5B · Over $5B — because a pre-revenue registrant and a $10B filer face entirely different disclosure questions. Pre-IPO companies without a ticker yet stay on the list; the moment an S-1 is filed, it's picked up automatically.
What is in every issue
Thirteen components. All of them, every month.
GAAP and non-GAAP ETR benchmark
Effective tax rates across the peer set with rate-reconciliation drivers and outlier flags — every outlier cross-checked against the human-readable filing.
SEC tax comment letter digest
What the staff actually challenged, by company and issue, with the company response and resolution.
First-mover disclosure language tracker
Verbatim filed wording on Pillar Two, Section 174, the corporate alternative minimum tax, and digital services taxes — grouped by audit firm.
UTB and valuation allowance movement
Releases, builds, and magnitude across the peer set, with the filed explanation.
S-1 tax disclosure watch
Every technology and AI S-1 filed that month and exactly how tax was handled.
Equity compensation / ASC 718 tax effects
Excess benefits, shortfalls, and the tax effect of stock compensation.
Standardized rate-reconciliation deep-dive
Line-by-line reconciliation with materiality flags.
Deferred tax asset and liability composition
DTA gross and net, DTL, NOL and credit carryforwards, and period movement.
Audit-firm-grouped filing patterns
Every component above, grouped by audit firm — how EY's clients worded Pillar Two versus PwC's, because national-office sign-off normalizes language within a firm's book.
MD&A tax discussion and forward-looking extraction
What management told the market about tax, including forward-looking statements.
Historical trend series Executive
Accumulates from the first issue forward, turning single-period tables into multi-period trends.
Board and CFO-ready one-pager export Executive
The whole brief distilled to a single page you can drop into a board deck.
Custom peer sets Executive
Name the companies you actually benchmark against.
The honest comparison
What extracting this yourself actually costs.
Doing it manually
6–9 hrsPer 30-company peer set, in filing season — locating the tax footnote, extracting and normalizing the rate reconciliation, cross-checking XBRL against the filed text, and building the comparative table. At roughly 20 minutes per company across a peak filing month.
Peer Tax Disclosure
~12 minRead the brief, drop the tables into your provision memo or board deck. The extraction, cross-checking, and audit-firm grouping is already done — reviewed before publication, not generated on demand.
Method
Public filings only. Reported, never advised.
Every input is a public SEC filing. The brief reports what registrants disclosed — it does not tell you what position to take. Peer disclosure identifies the range of practice, not the standard for adequate disclosure.
Big Four can't publish this
Commenting on peer registrants' disclosures conflicts directly with their own audit relationships. This gap is structural, not a resourcing choice.
Grouped by audit firm
Disclosure language normalizes within an auditor's client base — the national office signs off on it. Knowing how EY's clients worded Pillar Two is worth more than thirty unrelated companies' wording.
Verified before publication
Every quantitative outlier is cross-checked against the human-readable filing, because XBRL tagging errors are the primary accuracy risk in this kind of benchmarking.
Pricing
Priced inside a tax department's discretionary budget.
Standard
- One sector, one revenue band
- All 13 components, every monthly issue
- Current-period tables
Executive
- Every sector and revenue band
- Historical trend series
- Custom peer sets
- Board-ready one-pager exports
Evaluate it before you buy it. Request the current issue in full, at no cost — if the output doesn't hold up against your own read of the filings, don't subscribe.