International Financial Reporting Standards and State Taxes: Uncharted Territory
Many enterprises have begun to assess the impact a conversion to International Financial Reporting Standards (IFRS) could have on their provision for income taxes, tax accounting methods, global tax planning issues, employee benefits and state income taxes.
In a new report "International Financial Reporting Standards and State Taxes: Uncharted Territory," Deloitte discusses how an IFRS conversion may affect:
- State income taxes
- Franchise taxes
- State net worth taxes
- Property taxes
The report also examines the potential financial statement impact of an IFRS conversion in regard to interstate transactions and deferred tax assets and liabilities.
Download the full report at the bottom of the page to learn more.