In: Accounting
Essay 2
The Effect of International Financial Reporting Standards on
Current Tax Planning Strategy
For this assignment, you will be submitting an essay on the effect
the adoption of IFRS has had and will continue to have on tax
planning strategy. While reporting under IFRS will not be required
until 2015 or 2016, we are already beginning to see changes in the
tax industry, particularly when considering planning for the
future. The purpose of this assignment is for you to consider how
and to what extent the adoption of IFRS in the United States will
affect current tax planning strategy, both in the short-term and
the long-term.