Meeting Summaries and Observer Notes

 

IASB July 2008

22 July 2008

The Board had reviewed a pre-ballot draft of the exposure draft (ED) of amendments to IAS 12 Income Taxes. One Board member noted a possible wish to express an alternative view on the ED, depending on the decisions to be made on the issues at the meeting and further developments in drafting the ED.

IASB July 2007

19 July 2007

Resuming its discussion of the proposed revision of IAS 12 Income Taxes the Board tentatively decided that:

IASB April 2007

17 April 2007

The Board discussed whether to remove the existing exception to the temporary difference approach prohibiting the recognition of deferred tax liabilities on the initial recognition of goodwill. The Board decided to retain the exception

IASB January 2007

24 January 2007

The Board discussed the treatment under IAS 12 Income Taxes of an investment allowance (tax depreciation) in excess of the purchase price of an asset. The Board noted that arguments could be made for several possible treatments.

IASB February 2006

21 February 2006

The Board considered an analysis of the costs and benefits of the proposed amendments to IAS 12. The Board noted that a quantitative analysis was not possible but that it was helpful to have a qualitative analysis for each amendment proposed. Such an analysis should be developed for all Exposure Drafts henceforth.

IASB December 2005

14 December 2005

The Board considered the following issues that arose from drafting the amendments to IAS 12 and from letters from constituents

IASB and FASB Meeting October 2005

24 October 2005

The boards considered two issues: (a) uncertain tax positions and (b) the effect of using the undistributed rate to measure tax assets and liabilities for entities that regard themselves as tax-exempt because of tax deductions available on distributions.

IASB September 2005

21 September 2005

The Board considered two issues: uncertain tax positions and special deductions.

IASB July 2005

21 July 2005

The Board considered papers on two issues: guidance on tax base and special deductions.

IASB June 2005

23 June 2005

The Board considered papers on two issues: Disclosures Uncertain tax positions