search query: @indexterm taxation / total: 1872
reference: 97 / 1872
| Author: | Eberhartinger, E. Klostermann, M. |
| Title: | What if IFRS were a tax base? New empirical evidence from an Austrian perspective |
| Journal: | Accounting in Europe
2007 : VOL. 4:1-2, p. 141-168 |
| Index terms: | accounting standards financial reporting taxation companies Austria |
| Language: | eng |
| Abstract: | This paper quantifies the actual effects of a potential decisiveness of International Financial Reporting Standards (IFRS) for the national tax base, without further questioning the usefulness of an IFRS relevance but extending existing research substantially. The paper deals with the measurement through simulation of differences in the discounted tax burden in various scenarios, based on a sample comprising original data from 61 Austrian companies. The result is applied to the items of a typical corporate account derived from an Austrian database. As a result, it is possible to calculate the discounted tax effects for different scenarios. The main preliminary finding of the empirical survey is that only in a few cases essential differences are found btw. IFRS and tax accounts. Based on evidence, no dramatic change is suggested to be expected in the tax base. |
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