The International Accounting Standards Board has made a number of decisions regarding short-term convergence with the U.S. on accounting for income taxes and on segment reporting.
Regarding implementation guidance on how to derive a tax balance sheet, clarification has been deemed needed in some examples to separate the determination of the tax base from the fact that a temporary difference does not exist if there are no taxable consequences of recovering an asset. The proposed guidance will regard the process as a whole.
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