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During the first half of 2X13, the French corporate tax rate was 26%. At the end of 2013, the French Parliament announced a changed in
During the first half of 2X13, the French corporate tax rate was 26%. At the end of 2013, the French Parliament announced a changed in the corporate tax rate from 25% (July 2X13 onward) to an expected 20%. The earnings before taxes (EBT) for Kansas Ltd (Fr) are 80 million Euros first half; 90 million Euros second half of 2X13. The CFO decides to use the 20% tax rate in 2X13, prior to the passing of legislation. He is:
Not compliant with the IFRS
In compliance with the IFRS
Committing fraud
Manipulating data
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