In 1983 Berkshire acquired the rest of Blue Chip in a merger that required purchase accounting as contrasted to the “pooling” treatment allowed for some mergers. Under purchase accounting, the“fair value” of the shares we gave to (or “paid”) Blue Chip holders had to be spread over th...
Corporate income taxes (Laws, regulations and rulesBusiness enterprises (TaxationBusiness enterprises (Laws, regulations and rulesTax lawGoodwill often arises in the context of acquisitions. Its accounting treatment poses several complex questions. However, given that impairment losses in goodwill are ...
Second, the chapter focuses on the treatment of goodwill and other intangible assets on income tax returns. Section 197 is specific about the amortization of goodwill and all other intangible assets鈥攁mortize all of them over 15 years, with no exceptions. It is also an evolving area of ...
As the extraordinary gain leads to an increase in net income, on the income statement, the tax also increases. However, as the company has not actually paid that tax amount, they decrease those taxes in thecash flow statement. This is called the tax treatment that increases the tax liability...
FCS Deepak Pratap Singh (Associate Vice President - Secretarial & Compliance (SBI General Insurance Co. Ltd.)) CategoryIncome TaxReport Other Articles CommentShare 3837 Views Comments Be the first to leave a comment. Your are not logged in . Please login to post co...
Generic domain names, in contrast, possess "inherent" goodwill not dealt with by the existing intangible tax regime. The disparate treatment between domain... XTN Nguyen,JA Maine - 《Hastings L J》 被引量: 5发表: 2004年 TAXING TECHNOLOGY Driven by an opportunity to gain significant tax writ...
(particularly in the case of large public companies), the amortization of goodwill can have a significant negative effect on the purchaser's net income. Second, the treatment of goodwill under U.S. law differs from many other countries, which sometimes puts American companies at a disadvantage...
A national code for the handling and treatment of American flags was passed by Congress in June of this year and amended on Dec. 22 so that it became public law. In associated sections, conduct during the National Anthem, the Pledge of Allegiance to the Flag, and manner of delivery were ...
Treatment of Purchased Goodwill as per AS 14 (Accounting for Amalgamation): Goodwill arising on amalgamation represents a payment made in anticipation of future income and it is appropriate to treat it as an asset to be amortised to income on a systematic basis over its useful life. ...
The preamble states that taxpayer views and positions on foreign goodwill and going concern value raise significant policy concerns—chiefly, that the U.S. tax base is being eroded due to the incentives taxpayers have to “exploit” the favorable treatment of foreign goodwill and going conce...