| 000 | 02351nab a2200265 c 4500 | ||
|---|---|---|---|
| 999 |
_c147737 _d147737 |
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| 003 | ES-MaIEF | ||
| 005 | 20240125132621.0 | ||
| 007 | ta | ||
| 008 | 230616t2023 ne ||||| |||| 00| 0|eng d | ||
| 040 |
_aES-MaIEF _bspa _cES-MaIEF |
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| 100 |
_957244 _aEberhartinger, Eva |
||
| 245 | 0 |
_aPillar Two and the accounting standards _c Eva Eberhartinger & Georg Winkler |
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| 500 | _aResumen. | ||
| 520 | _aGlobal minimum taxation under Pillar Two establishes a link to financial statements, in particular with regard to the revenue threshold, to the calculation of the effective tax rate (ETR), and to carve-outs. This article discusses in detail these links and possible incentives, adverse effects and opportunities for improvement. It suggests that Pillar Two incentivizes multinational enterprises (MNEs) to prepare their individual and consolidated financial statements for tax purposes by using the discretionary leeway inherent in accounting standards. In particular they may use such discretion to report lower revenues to avoid falling within the scope, to report profits at the lower margin and tax expense at the higher margin to show a sufficiently high ETR and to adapt their financial accounting measurement to keep the top-up tax low by using tangible asset carve-outs based on financial statements. In consequence, the quality of financial reporting and capital allocation may be impaired. In addition, the acceptance of almost all common accounting standards under Pillar Two incentivizes generally accepted accounting principles (GAAP) competition between countries. The authors conclude that connecting Pillar Two to financial statements has adverse effects from both a tax and an accounting perspective. An improvement of existing tax rules to combat tax avoidance, as started with the Base Erosion and Profit Shifting (BEPS) project, seems preferable. | ||
| 650 |
_aFISCALIDAD INTERNACIONAL _944303 |
||
| 650 |
_aIMPUESTO DE SOCIEDADES _945680 |
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| 650 | 4 |
_967772 _aSEGUNDO PILAR (OCDE) |
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| 650 | 4 |
_967681 _aTIPO MÍNIMO GLOBAL |
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| 650 | 4 |
_943600 _aEMPRESAS MULTINACIONALES |
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| 650 | 4 |
_943803 _aESTADOS FINANCIEROS |
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| 650 | 4 |
_946898 _aINFORMACIONES FINANCIERAS |
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| 700 | 1 |
_970741 _aWinkler, Georg |
|
| 773 | 0 |
_9169599 _oOP 2141/2023/2 _tIntertax _w(IEF)55619 _x 0165-2826 _g v. 51, n. 2, February 2023, p. 134-154 |
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| 942 | _cART | ||