IFRS und Mittelstand – Auswirkungen der GmbH-Reform und Zukunft der Kapitalerhaltung

Hennrichs, Joachim

doi:10.1515/zgre.2008.361

Cited by 2 publications

(3 citation statements)

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“…The arithmetic mean value is 3.46 with a standard deviation of 1.37 for non-publicly traded mid-sized corporations and 3.87 with a standard deviation of 1.48 for publicly traded mid-sized corporations, whereas the mean values do differ significantly. In respect of dividend assessment (criteria 1.b), findings are closely similar but-as expected (according to prevailing opinion in Germany IFRS aren't suitable for dividend assessment [90]- [96])-more obvious. 36.30% of the non-publicly traded mid-sized corporations prefer German-GAAP and only 8.67% expect IFRS to be more qualified for criteria fulfillment.…”

Section: German-gaap and (Full-)ifrssupporting

confidence: 76%

Information Quality under IFRS, IFRS for SME and German-GAAP―Survey on Preferences of Non-Publicly Traded Mid-Sized Corporations

Kreipl¹,

Hane²,

Müeller³

2014

OJBM

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The paper provides survey data on the information quality under IFRS, IFRS for SME and German-GAAP from the perspective of non-publicly traded mid-sized corporations. Survey findings suggest for a higher quality of financial statements under German-GAAP compared to those under IFRS. Beyond that, more corporations anticipate an increase in information quality with a shift from (full-)IFRS to IFRS for SME. The findings of empirical research previously obtained regarding publicly traded corporations, which show preferences for IFRS, cannot be confirmed in respect of the preferences of the non-publicly traded mid-sized corporations participating. This may be due to a general skepticism towards IFRS, a lack of IFRS knowledge, the convergence of German-GAAP and IFRS owing to the German Accounting Law Reform Act or in-group biases.

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Section: German-gaap and (Full-)ifrssupporting

confidence: 76%

Information Quality under IFRS, IFRS for SME and German-GAAP―Survey on Preferences of Non-Publicly Traded Mid-Sized Corporations

Kreipl¹,

Hane²,

Müeller³

2014

OJBM

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“…The pros and cons have been considered in depth in numerous articles and books (apart from the literature mentioned in the introduction, the following can be named: Wagner, 1998Wagner, , 2000Hennrichs, 1999Hennrichs, , 2005Treptow, 1999;Euler, 2000Euler, , 2002Herzig, 2000;Kirchhof, 2000;Sigloch, 2000Sigloch, , 2004Heyd, 2001;Kahle, 2001Kahle, , 2003Kahle, , 2006Freedman, 2004;Herzig and Hausen, 2004;Eberhartinger, 2005;Kußmaul and Zabel, 2005;Schön, 2005;Jensen-Nissen and Lochmann, 2006;Spengel, 2006). Many of them are of German or Austrian origin which is not surprising considering the close tax link in those countries.…”

Section: Ifrs As a Tax Basementioning

confidence: 99%

“…Furthermore, legal and political arguments against IFRS as a tax base exist. On the one hand the constitutionality of using standards set by a multinational, democratically not legitimated body for taxation is more than doubtful (Weber-Grellet, 2003;Van Hulle, 2004;Hennrichs, 2005). 9 On the other hand, one can assume that the political will to surrender parts of fiscal sovereignty to the IASB is limited.…”

Section: Ifrs As a Tax Basementioning

confidence: 99%

What if IFRS were a Tax Base? New Empirical Evidence from an Austrian Perspective

Eberhartinger

Klostermann

2007

Accounting in Europe

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In particular in Germany and Austria, but also in other countries, extensive theoretical and analytical research has been published on the potential tax effects should International Financial Reporting Standards (IFRS) be used as the basis for corporate taxation. Very few quantitative papers exist. This motivated us to conduct a study that quantifies the actual effects of a potential decisiveness of IFRS for the national tax base -without further questioning the usefulness of an IFRS relevance. Our paper extends existing research substantially. The research question of our paper deals with the measurement through simulation of differences in the discounted tax burden in various scenarios. Our sample comprises original data from 61 Austrian companies. The median of the difference between book values of IFRS single accounts and tax accounts for specific balance sheet items is determined. We then apply the result to the items of a typical corporate account derived from an Austrian database. As a result, depending on the term of items, we can calculate the discounted tax effects for different scenarios. It must be underlined that such highly confidential and detailed tax data is usually not available to researchers. The main preliminary finding of our empirical survey is that only in a few cases we find essential differences between IFRS and tax accounts. Our evidence suggests that no dramatic change in the tax base is to be expected. Our study provides not only new empirical evidence but also a basis for further research on a possible common consolidated corporate tax base from an academic perspective.

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IFRS und Mittelstand – Auswirkungen der GmbH-Reform und Zukunft der Kapitalerhaltung

Cited by 2 publications

References 0 publications

Information Quality under IFRS, IFRS for SME and German-GAAP―Survey on Preferences of Non-Publicly Traded Mid-Sized Corporations

Information Quality under IFRS, IFRS for SME and German-GAAP―Survey on Preferences of Non-Publicly Traded Mid-Sized Corporations

What if IFRS were a Tax Base? New Empirical Evidence from an Austrian Perspective

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