The Influence of Ias/Ifrs on the Ccctb, Tax Accounting, Disclosure and Corporate Law Accounting Concepts: 'a Clash of Cultures' (Ecutax Series on Euro

Depending on the goals to be achieved, there are many ways to calculate a company's profits. This is to a great extent due to the different aims of financial and tax accounting. Financial accounting is undergoing a growing influence of IAS/IFRS. IFRS is also exerting a growing influence on tax accounting. This is especially visible in the European development of a Common Consolidated Corporate Tax Base (CCCTB) for multinational corporate entities. Although no formal link exists between IAS/IFRS and CCCTB, IFRS will likely be a strong material influence on various key elements of the CCCTB. Many tax professionals (and Member States) fear the influence of IAS/IFRS on tax accounting mainly given the divergent aims of IAS/IFRS and tax accounting. The introduction of IAS/IFRS will have significant consequences for tax accounting, disclosure and corporate law accounting concepts in individual Member States. Since IAS/IFRS is strongly influenced by the Anglo-American view on accounting, a question arises regarding its potential influence on the various continental disclosure, tax and financial accounting systems. In other words, one can readily envision a confrontation of systems with totally different backgrounds. This insightful work focuses on the consequences of this 'clash of cultures' for tax accounting, disclosure and corporate law accounting concepts.

Product details

• Assisted by: Essers (Editor), Peter Essers (Editor), Peter Hj Essers (Editor), Raaijmakers (Editor), Theo Raaijmakers (Editor), Ronald Russo (Editor)
• Publisher: Wolters Kluwer Law & Business
• Languages: English
• Product format: Hardback
• Released: 01.01.2009
• EAN: 9789041128195
• ISBN: 978-90-411-2819-5
• No. of pages: 214
• Dimensions: 165 mm x 246 mm x 20 mm
• Weight: 590 g
• Series: Eucotax Series on European Tax; Eucotax Series on European Tax
• Subject: Social sciences, law, business > Law > International law, foreign law