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

Erscheinungsjahr 2009
ISBN: 978-90-411-2819-5
Verlag: Wolters Kluwer

Buch, Englisch, Band 23, 236 Seiten, Format (B × H): 165 mm x 246 mm, Gewicht: 590 g

Reihe: EUCOTAX Series on European Taxation

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.

Autoren/Hrsg.

Essers, Peter Hj

Raaijmakers, Theo

Fachgebiete

• Rechtswissenschaften Internationales Recht und Europarecht Internationales Recht
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen Internationales Rechnungswesen
• Rechtswissenschaften Steuerrecht Internationales und Europäisches Steuer-, Bilanz- und Rechnungslegungsrecht

Inhaltsverzeichnis

Preface, About the Authors and Editors, List of Abbreviations CHAPTER I The International Financial Reporting Standards Prof. Dr. Leo van der Tas and Prof. Dr. Peter van der Zanden 1. Introduction 2. Background to IFRS 3. Principles underlying IAS/IFRS 4. IFRS for non-listed companies 5. Concluding remarks CHAPTER II The Precious Relationship between IAS/IFRS, national tax accounting systems and the CCCTB Prof. Dr. Peter Essers and Dr. R. Russo 1. Introduction 2. The relationship between tax accounting and financial accounting 3.Future trends: more alignment between the different systems in Member States 4.Councils for Tax Accounting Issues in Member States 5. An interactive dynamic concept of fiscal profit 6. Threats and challenges to the CCCTB 7. Testing the concept of taking IAS/IFRS as a starting point for an interactive dynamic concept of fiscal profit for the CCCTB with respect to different categories of assets 8. Testing the concept of taking IAS/IFRS as a starting point for an interactive dynamic concept of fiscal profit for the CCCTB with respect to provisions and liabilities 9. General conclusions CHAPTER III Disclosure and accounting for issuers in between ‘federal’ EU securities law (and manadatory application of IFRS) and national corporate law accounting concepts Prof. Dr. Theo Raaijmakers and Pieter van der Schee LLM 1. Emerging securities regulation: introductory notes 2. The regulatory concepts and function of disclosure and ‘accounting’ 3 EU corporate accounting and disclosure rules (1st, 4th, 7th and 11th Directive) 4. Investor protection and market regulation in the perspective of securities law: the US and EU model 5. Issuers ‘annual financial report’ as market oriented disclosure confronted with ‘corporate accounting’ rules 6. Public oversight on annual financial accounts and reports 7. Private enforcement of securities law rules by investors and other interested parties EPILOGUE, Appendix A . Common Consolidated Tax Base Working Group – WP 57 – CCCTB: Possible elements of a technical outline Appendix B. International Accounting Standard IAS 16 (Revised 1998) Appendix C. International Accounting Standard IAS 17 (Revised 1997), Bibliography, Index