Chapter 3 Knowledge of Major Taxes.doc

Chapter 3 Knowledge of Major Taxes ? 　　Now let’s come to Section 3　　Tax Accounting Implications of IFRS Adoption 　　Section 3 Part 1　　Introduction　　IFRSs mean International Financial Reporting Standards.　　In the EU, companies generally maintain accounting records, which form the basis for mandatory publication of their annual accounts, mandatory filing of their authorities and so on.　　Accounting profit before tax is a frequently used measure of the performance of a company. Taxable profit is the profit for a period, determined in accordance with the rules established by the taxation authorities, upon which corporate income tax is payable.　　In all member States, IFRSs have a direct influence on consolidated accounts; in some member States, IFRSs may also have a direct influence on annual accounts; in other member States, IFRSs have an indirect influence on annual accounts.　　The effects of the use of IFRSs in the preparation of consolidated accounts on tax accounting are likely to be minimal. The extension of requirement to use IFRSs in the preparation of annual accounts may have important consequences on tax accounting.　　Language Points　　1. Finally it is recommended that consideration should be given to macro-economic implications of associating or disassociating financial accounting and tax accounting, noting that this decision should only be made after considering related policy issues at the highest level within relevant government agencies and a thorough consultative interaction between these agencies and relevant private sector advisers and interest groups.　　本文在最后部分提出建议，应当考虑财务会计和税收会计联系与否所产生的宏观经济影响；需要指出的是，只有在考虑了相关政府机构最高层的政策导向，在这些机构与私营经济顾问和利益集团进行了彻底的协商之后才能做出这一决定（文中指“财务会计和税收会计联系与否或者联系应该达到何种程度的政策决定”）。　　2. delve into something 探索，探究，查考　　She had started to delve into her father’s distant past.　　她开始探究她父亲已逝去的岁月。　　3. Simply put, it is determined by deducting expenses （before corporate income tax） from income.　　简单说来，它（文中指“税前会计利润”）是由收入扣除（缴纳企业所得税前的）支出决定的。