Judith Freedman, KPMG Professor of Taxation Law, University of Oxford discusses whether linkage to international accounting standards will help to produce a European common tax base
Judith Freedman KPMG Professor of Taxation Law University of Oxford discusses whether linkage to international accounting standards will help to produce a European common tax base
Linking the tax base to accounting standards has an intuitive appeal. Taxpayers hope that this might reduce compliance costs and simplify the tax system. Revenue authorities and politicians think that alignment might cut tax avoidance since it brings the tax base closer to the 'true' profits relied upon by managers and shareholders for the purposes of making distributions and other decisions. At an international level globalisation of accounting standards may be thought to point the way to an...
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Judith Freedman, KPMG Professor of Taxation Law, University of Oxford discusses whether linkage to international accounting standards will help to produce a European common tax base
Judith Freedman KPMG Professor of Taxation Law University of Oxford discusses whether linkage to international accounting standards will help to produce a European common tax base
Linking the tax base to accounting standards has an intuitive appeal. Taxpayers hope that this might reduce compliance costs and simplify the tax system. Revenue authorities and politicians think that alignment might cut tax avoidance since it brings the tax base closer to the 'true' profits relied upon by managers and shareholders for the purposes of making distributions and other decisions. At an international level globalisation of accounting standards may be thought to point the way to an...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
