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Tax Implications of an IFRS conversion on debt arrangements

Topics:: Accounting > Accounting Standards , Tax; Professional Services > Auditing

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Abstract:: Each taxing jurisdiction will present its own unique set of considerations when assessing the impact a conversion to IFRS will have on tax planning for debt arrangements, including complex matters surrounding the classification of financial instruments and changes to thin capitalization results. However, there are also opportunities to leverage under the right set of facts. To avoid unexpected spikes in the effective tax rate, enhance the predictability of cash flows, and leverage opportunities available upon transition to IFRS, tax executives should act now to analyze current tax planning for debt arrangements and assess the impact a conversion to IFRS will have on these strategies. Early focus on this analysis could provide opportunities otherwise forgone if caught too late in the conversion process.

DETAILS: Sponsored by: PricewaterhouseCoopers; Released: January 28, 2009; Length: 11 pages; Format: PDF (1348 kb); Email this abstract; These white papers are not created by the CFO.com editorial staff. In order to view these papers, you must register with CFO.com and agree to share your contact information with related product/service companies.

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