Permanent Differences: What Comes After the IFRS Storm
The title of this book, "Permanent Differences," is a term used in tax effect accounting. In tax effect accounting, one must divide the difference between taxation and accounting into a temporary difference, which is just a timing difference, and permanent difference, which is not a timing difference, and then one must adjust only the former. This book describes various differences. In other words, the structure of this book clarifies the difference between accounting and taxation, introduces the difference in the way of thinking and methods of taxation between Western companies and Japanese companies, and asks Japanese companies to build a clear strategy for taxation.