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IASB Urged to Finalize Pillar 2 Deferred Tax Accounting Break

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IASB Urged to Finalize Pillar 2 Deferred Tax Accounting Break


The International Accounting Standards Board must quickly approve a proposed temporary accounting exception for deferred taxes arising from the OECD global minimum tax framework, in order to meet the Japanese Diet's passage of pillar 2 rules, prior to the global enactment of these rules by many countries by July 20.

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