Abstract
The first speaker referred, firstly, to the aspect of book-tax conformity and defended this idea by pointing to the following aspects: the link to the tax books could have a positive effect for the results of the financial accounts as well, because it reduces arbitrariness with respect to tax-profit. He pointed to the different levels of arbitrariness in countries without conformity (such as the U.S.) and with conformity (such as in Europe). Secondly he supported the comment of Baumgärtel with respect to contingency reserves: a serious step-by-step report in the financial accounts on contingency reserves would mean a dramatic change in reporting standards and should be discussed.
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© 2008 Springer-Verlag Berlin Heidelberg
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Friese, A. (2008). Report on the Discussion. In: Schön, W. (eds) Tax and Corporate Governance. MPI Studies on Intellectual Property, Competition and Tax Law, vol 3. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-77276-7_12
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DOI: https://doi.org/10.1007/978-3-540-77276-7_12
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-77275-0
Online ISBN: 978-3-540-77276-7
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