Implications of IFRS on M&A activity from a US tax perspective

December 2009
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Implications of IFRS on M&A activity from a US tax perspective

At a glance

This PwC article addresses how the adoption of IFRS accounting policies will interact with the US tax laws associated with the life cycle of a corporation.

As companies in the United States continue to evaluate their potential move from US GAAP to International Financial Reporting Standards (IFRS), through either convergence or ultimate conversion, they will need to consider how changing accounting policies for book purposes may impact various components of their tax planning structure, including M&A activities.

This article addresses how the adoption of IFRS accounting policies will interact with the US tax laws associated with the life cycle of a corporation. In addition, it will also provide tax executives with a high-level overview of key tax-related issues from an M&A perspective that they should be aware of as the organization transitions to IFRS.