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| Author: | Schanz, D. Schanz, S. |
| Title: | Finding a new corporate tax base after the abolishment of the one-book system in EU member states |
| Journal: | European Accounting Review
2010 : JUN, VOL. 19:2, p. 311-341 |
| Index terms: | financial reporting standards European Union bookkeeping tax policy Germany |
| Language: | eng |
| Abstract: | The implementation of international financial reporting standards in the European Union requires member states with uniform accounting to replace their current one-book system with a two-book system, which separates tax accounting and financial accounting. This creates a challenge of defining a new tax base. The paper discusses possible future tax bases of German companies. A business model simulation based on empirical data is developed to quantify the change in the tax burden of different industries induced by alternative tax accounting regulations. A simplified tax base that avoids major shifts in the tax burden is identified. Consequently, the paper provides useful information for economists and politicians making decisions about the new German tax accounting regulations. |
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