Measurement of accounting income is strongly influenced by tax rules in France and Switzerland.

Question

Quizplus · Accepted Answer

Tax rules in France and Switzerland have a significant impact on the measurement of accounting income. This is because both countries require companies to prepare financial statements according to tax rules and regulations, which can be quite different from international financial reporting standards. As a result, accounting income is often adjusted for tax purposes in these countries, leading to differences between financial and tax reporting.

Measurement of Accounting Income Is Strongly Influenced by Tax Rules