Global Harmonization of Taxation

• Published in: The Tax Adviser Vol. 38; no. 12; p. 718
• Main Authors: Jones, Lynn Comer, Brown, Jennifer L
• Format: Trade Publication Article
• Language: English
• Published: New York American Institute of Certified Public Accountants 01.12.2007
• Subjects: Agreements; Competition; Conventions; Cooperation; Corporate taxes; Developing countries; Double taxation; Fiscal policy; GDP; Globalization; Gross Domestic Product; International accounting standards; International cooperation; International Financial Reporting Standards; International relations; International taxation; Jurisdiction; LDCs; NGOs; Nongovernmental organizations; Tax base; Tax evasion; Tax rates; Tax treaties; Taxation; Taxes; Withholding taxes; United States > US

The European Union (EU) was a catalyst for the acceptance of international financial reporting standards (IFRS) in Europe. The EU and the International Organization of Securities Commissions (IOSCO) adopted IFRS in 2002, the US Securities and Exchange Commission (SEC) anticipates IFRS acceptance by...