Details
Originalsprache | Englisch |
---|---|
Titel des Sammelwerks | The Routledge Companion to Fair Value in Accounting |
Herausgeber (Verlag) | Taylor and Francis Inc. |
Seiten | 253-273 |
Seitenumfang | 21 |
ISBN (elektronisch) | 9781317221326 |
ISBN (Print) | 9781315621876 |
Publikationsstatus | Veröffentlicht - 15 Juni 2018 |
Abstract
ASJC Scopus Sachgebiete
- Volkswirtschaftslehre, Ökonometrie und Finanzen (insg.)
- Betriebswirtschaft, Management und Rechnungswesen (insg.)
- Allgemeine Unternehmensführung und Buchhaltung
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The Routledge Companion to Fair Value in Accounting. Taylor and Francis Inc., 2018. S. 253-273.
Publikation: Beitrag in Buch/Bericht/Sammelwerk/Konferenzband › Beitrag in Buch/Sammelwerk › Forschung › Peer-Review
}
TY - CHAP
T1 - Tax-related implications of fair value accounting
AU - Blaufus, Kay
AU - Jacob, Martin
PY - 2018/6/15
Y1 - 2018/6/15
N2 - This paper discusses tax implications of fair value accounting. We first provide an overview over existing tax systems in Europe and the United States and the use of fair value elements for tax purposes. We also discuss potential costs and benefits of implementing fair value taxation. Benefits of using fair value accounting for tax purposes, for example, comprise fewer distortions of investment decisions. However, there are also potential downsides of fair value based taxation. For example, tax payments of firms could become more counter-cyclical and firms might have to pay taxes on unrealized gains. Taken together, our paper provides an overview of costs and benefits of fair value taxation as well as potential avenues for future research.
AB - This paper discusses tax implications of fair value accounting. We first provide an overview over existing tax systems in Europe and the United States and the use of fair value elements for tax purposes. We also discuss potential costs and benefits of implementing fair value taxation. Benefits of using fair value accounting for tax purposes, for example, comprise fewer distortions of investment decisions. However, there are also potential downsides of fair value based taxation. For example, tax payments of firms could become more counter-cyclical and firms might have to pay taxes on unrealized gains. Taken together, our paper provides an overview of costs and benefits of fair value taxation as well as potential avenues for future research.
UR - http://www.scopus.com/inward/record.url?scp=85130931416&partnerID=8YFLogxK
U2 - 10.2139/ssrn.3036857
DO - 10.2139/ssrn.3036857
M3 - Contribution to book/anthology
AN - SCOPUS:85130931416
SN - 9781315621876
SP - 253
EP - 273
BT - The Routledge Companion to Fair Value in Accounting
PB - Taylor and Francis Inc.
ER -