Changes to accounting for income taxes will soon be proposed by the IASB. Gillian Wild explores the likely outcomes, interpretations and implications.

The latest news on the changes to accounting for income taxes expected from the International Accounting Standards Board (IASB) suggests that the long awaited exposure draft of a new accounting standard should be made public before the year is out.

This article draws from information already published by the IASB and focuses on the key changes International Financial Reporting Standards (IFRS) reporters can expect, together with some views on possible interpretations and implications of those changes.