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Review on tax research in accounting: Is the information given by U.S. GAAP income taxes also provided by IFRS?

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  • Frey, Lisa
  • Engelhard, Lisa

Abstract

In this paper, we present a review of tax research in accounting. We outline U.S. GAAP accounting rules for the following four income tax notes and survey the area of research literature dealing with the information content provided by U.S. GAAP: (1) unrecognized tax benefits, (2) valuation allowances, (3) foreign earnings designated as permanently reinvested, and (4) book-tax differences. Building on this, we present the accounting rules for comparable income tax notes following IFRS standards and offer which we believe are interesting avenues for future research on the information on tax notes provided by IFRS financial statements.

Suggested Citation

  • Frey, Lisa & Engelhard, Lisa, 2017. "Review on tax research in accounting: Is the information given by U.S. GAAP income taxes also provided by IFRS?," Passauer Diskussionspapiere, Betriebswirtschaftliche Reihe B-28-17, University of Passau, Faculty of Business and Economics.
    • Handle: RePEc:zbw:upadbr:b2817
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    References listed on IDEAS

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    More about this item

    Keywords

    UTB; valuation allowance; permanently reinvested earnings; book-tax difference; U.S. GAAP; IFRS; tax notes;
    All these keywords.

    JEL classification:

    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation
    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General

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