Why is corporate income tax in Germany based on financial accounting income?
A. Germany had rules for financial accounting before it had a corporate income tax.
B. The German Accounting Standards Board has more authority than the Bundestag.
C. German financial accounting standards reflect true economic income.
D. Germany was following the practice set by the United Kingdom.
Answer:A
Why is corporate income tax in Germany based on financial accounting income?
A. Germany had rules for financial accounting before it had a corporate income tax. B. The German Accounting Standards Board has more authority than the Bundestag. C. German financial accounting standards reflect true economic income. D. Germany was following the practice set by the United Kingdom.