Back to Search
Start Over
Turkish Firms to Get Reality Check With Inflation Accounting.
- Source :
- Bloomberg.com; 11/22/2023, pN.PAG-N.PAG, 1p
- Publication Year :
- 2023
-
Abstract
- Turkish businesses are preparing to switch to a system of inflation accounting, which will provide a clearer picture of their earnings. This move will affect the taxable income of companies with illiquid assets and heavy borrowing, while smaller companies relying more on equity will have a lower tax liability. Inflation accounting adjusts financial statements to reflect extreme price changes and affects the tax treatment of non-monetary assets. The implementation of this system is expected to continue through 2026, and it will have an impact on various aspects of corporate earnings, including tax payments, dividends, and valuation multiples. [Extracted from the article]
Details
- Language :
- English
- Database :
- Complementary Index
- Journal :
- Bloomberg.com
- Publication Type :
- Periodical
- Accession number :
- 173781386