Research report 2003 - Max Planck Institute for Intellectual Property, Competition and Tax Law
Linkage between commercial and tax accounting under German and European law
Authors
Schön, Wolfgang
Departments
Rechnungslegung und Steuern (Prof. Dr. Dr. h.c. Wolfgang Schön)
MPI für Geistiges Eigentum, Wettbewerbs- und Steuerrecht, München
Summary
The introduction of the International Accounting Standards as binding framework for listed groups of companies in Europe brings forward the issue of the future of "linkage" between commercial and tax accounting. The Institute discusses the commercial and company law background - specifically creditor and shareholder protection -, analyses legal choices for domestic legislation and prepares proposals for a Euro-wide applicable consolidated common tax base for cross-border multi-national enterprises in Europe.