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Accounting Profit/Loss and Tax Base
[Účetní výsledek hospodaření a základ daně]

Author

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  • Libuše Müllerová

Abstract

The question of what would happen to the discounted tax burden of Austrian enterprises if IFRS were used as the relevant basis for taxation has been tested in three scenarios. Research has shown, that the effect on the discounted tax burden is small, and could be arguing that IFRS prove to be a suitable basis for taxation. In spite of this conclusion the authors do not support this view. However the experience from the Czech Republic shows great differences between profit according to IFRS and according to the Czech Accounting Rules. IFRS are not only unsuitable for taxation, but tax base determination would be independent on any accounting rules.

Suggested Citation

  • Libuše Müllerová, 2008. "Accounting Profit/Loss and Tax Base [Účetní výsledek hospodaření a základ daně]," Český finanční a účetní časopis, Prague University of Economics and Business, vol. 2008(2), pages 91-95.
    • Handle: RePEc:prg:jnlcfu:v:2008:y:2008:i:2:id:274:p:91-95
    DOI: 10.18267/j.cfuc.274
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    References listed on IDEAS

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    1. Eva Eberhartinger & Margret Klostermann, 2007. "What if IFRS were a Tax Base? New Empirical Evidence from an Austrian Perspective," Accounting in Europe, Taylor & Francis Journals, vol. 4(2), pages 141-168, December.
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    More about this item

    Keywords

    International Accounting Standards (IAS); International Financial Reporting Standards (IFRS); Tax base; Tax burden; Mezinárodní účetní standardy (IAS); Mezinárodní standardy účetního výkaznictví (IFRS); Základ daně; Daňové zatížení;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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