Question: For this assignment, you will be submitting an essay on the effect the adoption of IFRS has had, and will continue to have, on tax

For this assignment, you will be submitting an essay on the effect the adoption of IFRS has had, and will continue to have, on tax planning strategy. The purpose of this assignment is for you to consider how and to what extent the adoption of IFRS in the United States will affect current tax planning strategy, both in the short-term and the long-term. What are two short-term and long term effects of IFRS on tax planning?

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