LEADER 04630oam 2200565 450 001 9910821411803321 005 20210929164615.0 010 $a90-8722-654-3 010 $a90-8722-655-1 035 $a(CKB)4100000011632435 035 $a(MiAaPQ)EBC6414247 035 $a(MiAaPQ)EBC30459296 035 $a(Au-PeEL)EBL30459296 035 $a(EXLCZ)994100000011632435 100 $a20210524d2020 uy 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aInclusive global tax governance in the post-beps era /$fSieb Kingma 205 $a1st ed. 210 1$aAmsterdam, Netherlands :$cIBFD Publications USA, Incorporated,$d[2020] 210 4$d©2020 215 $a1 online resource (545 pages) $cillustrations 311 $a90-8722-653-5 320 $aIncludes bibliographical references. 327 $aChapter 1: Introduction to tax accounting /$rvan den Berg, T.$g; p. 1-53 327 $aChapter 2: Definition of income taxes /$rEberhartinger, E.$rPatloch-Kofler, A.$rHo?ltschl, E.$g; p. 55-74 327 $aChapter 3: Book-to-tax differences : permanent and temporary /$rFlo?ring, E.$rSmolsky, K.$g; p. 75-89 327 $aChapter 4: Current tax and prior year adjustments /$rBaggerman, K.$g; p. 91-118 327 $aChapter 5: Deferred taxes /$rFourie, R.$g; p. 119-162 327 $aChapter 6: Deferred tax asset recognition /$rPartyka, M.$rMolina, J.$g; p. 163-189 327 $aChapter 7: Tax exposures /$rDe Grave, K.$rMiller, S.$rPellegrine, P.$g; p. 191-224 327 $aChapter 8: Disclosure notes /$rGerven, P. van$rImming, F.$g; p. 225-282 327 $aChapter 9: Special items /$rKoek, M.$rBerg, T. van den$g; p. 283-370 327 $aChapter 10: Banks and other financial institutions /$rAn, Y.H.$g; p. 371-409 327 $aChapter 11: Case study /$rJurek, H.$g; p. 411-444 330 $aSince the publication of the first edition of the book in 2015, numerous changes have taken place in the world of tax accounting. In addition to compressed close cycles and new reporting considerations and standards, companies are facing challenges due to increased regulatory scrutiny over income tax disclosures and account balances. At the same time, today's complex business and tax environment has resulted in ever-increasing demands for transparency and tax reporting standards at all levels. Public deficits due to COVID-19 support packages will only trigger more public attention to tax affairs. Moreover, guidance has been issued on good tax governance and/or tax risk management, and tax reporting and compliance by the UN Principles for Responsible Investment and the newly developed GRI 207: Tax 2019, which is the first public global standard for comprehensive tax disclosures. As with the previous edition, the basis of the book remains a ten-step methodology for accounting for income taxes, which can be applied in jurisdictions across the globe. The methodology presented is primarily based on the global accounting standard, namely the International Financial Reporting Standards (IFRS), with specific attention to US GAAP and some local standards. This methodology is comprehensive and complete. This updated edition covers the latest IFRS and IFRIC guidance for income taxes. Essentially, all chapters have been rewritten to cover new developments such as (i) digital services taxes; (ii) IFRIC 23 Uncertainty over Income Tax Treatments; (iii) tax accounting and tax risk management checklists; (iv) the impact of technology and new transparency initiatives; and (v) the impact of COVID-19 on companies. The impact of COVID-19 on the results of companies' operations is discussed, consideration being given to the challenges the current market volatility may present for companies closing their financial statements. Other issues addressed include deferred tax assets recognition, impairment, increased need of cash by a group and distribution of dividends, and government grants and reliefs. Finally, a case study gives the reader a better understanding on how to arrive at the correct tax figures and disclosure notes, and in doing so truly unravels the mystery of how the reported income taxes can be explained. 606 $aFinancial statements 615 0$aFinancial statements. 676 $a343.04 700 $aKingma$b Sieb$01649487 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bUtOrBLW 906 $aBOOK 912 $a9910821411803321 996 $aInclusive global tax governance in the post-beps era$93998259 997 $aUNINA