4 ms·
Yes, but that's because it was irrelevant. The same rule (albeit more enforced) could be used for tax purposes in this case.
by rjtavares 11y ago
Yes, but that's because it was irrelevant. The same rule (albeit more enforced) could be used for tax purposes in this case.
- rahimnathwani 11y agoThe tax implications are still, and will always be, irrelevant to accounting rules. The purpose of accounting rules (like IFRS, US GAAP etc.) is to ensure that companies' financial statements represent a true and fair view of the state of the company. This objective has nothing to do with tax.