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Tax-related implications of fair value accounting

Publikation: Beitrag in Buch/Bericht/Sammelwerk/KonferenzbandBeitrag in Buch/SammelwerkForschungPeer-Review

Autoren

  • Kay Blaufus
  • Martin Jacob

Externe Organisationen

  • WHU - Otto Beisheim School of Management Vallendar

Details

OriginalspracheEnglisch
Titel des SammelwerksThe Routledge Companion to Fair Value in Accounting
Herausgeber (Verlag)Taylor and Francis Inc.
Seiten253-273
Seitenumfang21
ISBN (elektronisch)9781317221326
ISBN (Print)9781315621876
PublikationsstatusVeröffentlicht - 15 Juni 2018

Abstract

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.

ASJC Scopus Sachgebiete

Zitieren

Tax-related implications of fair value accounting. / Blaufus, Kay; Jacob, Martin.
The Routledge Companion to Fair Value in Accounting. Taylor and Francis Inc., 2018. S. 253-273.

Publikation: Beitrag in Buch/Bericht/Sammelwerk/KonferenzbandBeitrag in Buch/SammelwerkForschungPeer-Review

Blaufus, K & Jacob, M 2018, Tax-related implications of fair value accounting. in The Routledge Companion to Fair Value in Accounting. Taylor and Francis Inc., S. 253-273. https://doi.org/10.2139/ssrn.3036857
Blaufus, K., & Jacob, M. (2018). Tax-related implications of fair value accounting. In The Routledge Companion to Fair Value in Accounting (S. 253-273). Taylor and Francis Inc.. https://doi.org/10.2139/ssrn.3036857
Blaufus K, Jacob M. Tax-related implications of fair value accounting. in The Routledge Companion to Fair Value in Accounting. Taylor and Francis Inc. 2018. S. 253-273 Epub 2017 Sep 18. doi: 10.2139/ssrn.3036857
Blaufus, Kay ; Jacob, Martin. / Tax-related implications of fair value accounting. The Routledge Companion to Fair Value in Accounting. Taylor and Francis Inc., 2018. S. 253-273
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