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- Title
Bilanzsteuerrecht – Plädoyer für mehr Systemorientierung.
- Authors
Prinz, Ulrich
- Abstract
The article "Tax Balance Law - Plea for more system orientation" argues that tax balance law in Germany is too complex and fragmented. There is an increasing separation between commercial and tax balance sheets, as well as numerous tax special rules that override the principles of proper bookkeeping. The author calls for a system cleanup to ensure legal certainty and appropriate financial performance measurement in tax accounting. The article discusses various tax accounting and valuation rules and their impact on business accounting. It also addresses the Pillar II project and the introduction of GloBE accounting rules as a new national standard. It is suggested that the German tax legislator should allow all GloBE taxpayers to use the IFRS individual financial statements prepared for the preparation of the consolidated financial statements as the basis for income taxation from 2024 onwards. Various proposals for structural reforms of tax accounting are discussed. The article concludes with the question of whether the link between commercial and tax balance sheets can be maintained or whether an independent profit determination law should be designed.
- Subjects
GERMANY; CONSOLIDATED financial statements; FINANCIAL statements; BUSINESS partnerships; CORPORATIONS; FINANCIAL performance; ACCOUNTING laws; INCOME tax; TAXIDERMY; TAX accounting; ACCOUNTING standards
- Publication
FinanzRundschau, 2023, Vol 105, Issue 8, p337
- ISSN
2567-4765
- Publication type
Article
- DOI
10.9785/fr-2023-1050802