We analyze the evolution of the relationship between tax and financial reporting in Italy after the mandatory introduction of IFRS for listed companies in 2005. In order to assess this link we will use the methodology developed by Lamb et al. (1998). Among European countries, Italy represents an interesting case study because IFRS have become mandatory, for listed companies, also as concerns individual, and fiscally relevant, accounts. Therefore, two accounting systems, one based on IFRS and one based on Italian Gaap coexist, originating the emergence of two rather different linkages between tax and financial reporting. IFRS and tax reporting exhibit a high degree of disconnection, while Italian Gaap, in line with a continental European accounting tradition, are closely related to tax rules. The analysis will point out a rapidly evolving situation, with links between both accounting systems (IFRS and Italian Gaap) and taxation getting tighter as a consequence of the tax reforms of the last few years.
|Titolo:||Evolving Connections between Tax and Financial Reporting in Italy|
|Data di pubblicazione:||2013|
|Appare nelle tipologie:||2.1 Articolo su rivista |
File in questo prodotto:
|Gavana et al (2013).pdf||Documento in Post-print||Accesso chiuso-personale||Riservato|