U.S. Tax Implications of Adopting IFRS
Bernard Cates, Partner, National Tax Leader for IFRS; Hareesh M. Dhawale, Managing Director, Washington National Tax; James Forhan, International Services Partner; Glenn Koennecke, Partner, National Advisory Leader for IFRS; Benjamin Rohrer, Tax Managing Director; John Suttora, Partner, Washington National Tax | June 04, 2009 | 2:00pm ET
IFRS Institute
This webcast focuses on various possible U.S. income tax implications from an IFRS conversion. While there are many unanswered questions as to timing of potential adoption and the various impacts of an IFRS conversion, it is clear there can be conversion issues in the tax area. These relate not only to deferred taxes, but also for current taxes.
KPMG professionals from various tax disciplines framed the discussion to include the following topics:
- Potential Domestic Tax Impact (including tax accounting method issues)
- Potential International Tax Impact (including earnings and profit issues)
- Potential Transfer Pricing Impact