Business combination under common control: a study of the USGAAP and UKGAAP and their effects in the Brazilian corporate and tax environment

Detalhes bibliográficos
Autor(a) principal: Vieira da Costa Junior, Jorge
Data de Publicação: 2021
Tipo de documento: Artigo
Idioma: por
Título da fonte: Revista Direito GV
Texto Completo: https://periodicos.fgv.br/revdireitogv/article/view/83275
Resumo: Business Combination under Common Control represents a challenge for jurisdictions that adopt IFRS. There is a “regulation gap” and companies develop varied accounting policies under the discretion of IAS n. 8, therefore promoting a break of comparability and uniformity. Depending on the underlying economic motivations, such policies may put in doubt the quality of the information to be disclosed to users of the financial statements. This study, under a normative research approach, investigates the USGAAP and the UKGAAP focused on BCUCC and apply them to illustrative examples, in order to evaluate the effects of some of these practices in the Brazilian corporate and tax environment. The results of the illustrative examples indicate that the adoption of some accounting practices from US and from UK may require changes in the Brazilian corporate law.
id FGV-2_e828d8a93e3c475cff340053a07620b9
oai_identifier_str oai:ojs.periodicos.fgv.br:article/83275
network_acronym_str FGV-2
network_name_str Revista Direito GV
repository_id_str
spelling Business combination under common control: a study of the USGAAP and UKGAAP and their effects in the Brazilian corporate and tax environmentCombinação de negócios entre entidades sob controle comum: um estudo dos USGAAP e dos UKGAAP e seus efeitos no ambiente societário e tributário brasileiroBCUCCCommon controlInternally generated goodwillNon-controlling interestIFRSBCUCCControle comumÁgio gerado internamenteParticipação de não controladoresIFRSBusiness Combination under Common Control represents a challenge for jurisdictions that adopt IFRS. There is a “regulation gap” and companies develop varied accounting policies under the discretion of IAS n. 8, therefore promoting a break of comparability and uniformity. Depending on the underlying economic motivations, such policies may put in doubt the quality of the information to be disclosed to users of the financial statements. This study, under a normative research approach, investigates the USGAAP and the UKGAAP focused on BCUCC and apply them to illustrative examples, in order to evaluate the effects of some of these practices in the Brazilian corporate and tax environment. The results of the illustrative examples indicate that the adoption of some accounting practices from US and from UK may require changes in the Brazilian corporate law.As operações de combinação de negócios realizadas entre entidades sob controle comum representam um desafio a ser enfrentado por jurisdições que adotam as IFRSs. Há uma lacuna na regulação e as companhias desenvolvem políticas contábeis variadas dentro da discricionariedade conferida pela IAS n. 8, promovendo com isso perda de comparabilidade e uniformidade. A depender das motivações econômicas subjacentes, ditas políticas podem colocar em dúvida a qualidade da informação a ser disseminada aos usuários das demonstrações contábeis. Este estudo, sob uma abordagem normativa de pesquisa, tem o propósito de incursionar por práticas contábeis dos EUA e do Reino Unido voltadas à disciplina das BCUCCs e aplicá-las em exemplos ilustrativos, com o fim de avaliar efeitos de algumas dessas práticas no ambiente societário e tributário brasileiro. As simulações levadas a efeito indicam que a adoção de algumas práticas dos EUA e do Reino Unido pode requerer mudanças na lei societária brasileira.Escola de Direito de São Paulo da Fundação Getulio Vargas2021-02-09info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://periodicos.fgv.br/revdireitogv/article/view/83275Revista Direito GV; Vol. 16 No. 3 (2020): set.-dez. (37); e1973Revista Direito GV; Vol. 16 Núm. 3 (2020): set.-dez. (37); e1973Revista Direito GV; v. 16 n. 3 (2020): set.-dez. (37); e19732317-6172reponame:Revista Direito GVinstname:Fundação Getulio Vargas (FGV)instacron:FGVporhttps://periodicos.fgv.br/revdireitogv/article/view/83275/79078Copyright (c) 2021 Revista Direito GVinfo:eu-repo/semantics/openAccessVieira da Costa Junior, Jorge2021-06-01T19:16:32Zoai:ojs.periodicos.fgv.br:article/83275Revistahttps://direitosp.fgv.br/publicacoes/revista/revista-direito-gvPRIhttps://old.scielo.br/oai/scielo-oai.php||revistadireitogv@fgv.br|| catarina.barbieri@fgv.br2317-61721808-2432opendoar:2021-06-01T19:16:32Revista Direito GV - Fundação Getulio Vargas (FGV)false
dc.title.none.fl_str_mv Business combination under common control: a study of the USGAAP and UKGAAP and their effects in the Brazilian corporate and tax environment
Combinação de negócios entre entidades sob controle comum: um estudo dos USGAAP e dos UKGAAP e seus efeitos no ambiente societário e tributário brasileiro
title Business combination under common control: a study of the USGAAP and UKGAAP and their effects in the Brazilian corporate and tax environment
spellingShingle Business combination under common control: a study of the USGAAP and UKGAAP and their effects in the Brazilian corporate and tax environment
Vieira da Costa Junior, Jorge
BCUCC
Common control
Internally generated goodwill
Non-controlling interest
IFRS
BCUCC
Controle comum
Ágio gerado internamente
Participação de não controladores
IFRS
title_short Business combination under common control: a study of the USGAAP and UKGAAP and their effects in the Brazilian corporate and tax environment
title_full Business combination under common control: a study of the USGAAP and UKGAAP and their effects in the Brazilian corporate and tax environment
title_fullStr Business combination under common control: a study of the USGAAP and UKGAAP and their effects in the Brazilian corporate and tax environment
title_full_unstemmed Business combination under common control: a study of the USGAAP and UKGAAP and their effects in the Brazilian corporate and tax environment
title_sort Business combination under common control: a study of the USGAAP and UKGAAP and their effects in the Brazilian corporate and tax environment
author Vieira da Costa Junior, Jorge
author_facet Vieira da Costa Junior, Jorge
author_role author
dc.contributor.author.fl_str_mv Vieira da Costa Junior, Jorge
dc.subject.por.fl_str_mv BCUCC
Common control
Internally generated goodwill
Non-controlling interest
IFRS
BCUCC
Controle comum
Ágio gerado internamente
Participação de não controladores
IFRS
topic BCUCC
Common control
Internally generated goodwill
Non-controlling interest
IFRS
BCUCC
Controle comum
Ágio gerado internamente
Participação de não controladores
IFRS
description Business Combination under Common Control represents a challenge for jurisdictions that adopt IFRS. There is a “regulation gap” and companies develop varied accounting policies under the discretion of IAS n. 8, therefore promoting a break of comparability and uniformity. Depending on the underlying economic motivations, such policies may put in doubt the quality of the information to be disclosed to users of the financial statements. This study, under a normative research approach, investigates the USGAAP and the UKGAAP focused on BCUCC and apply them to illustrative examples, in order to evaluate the effects of some of these practices in the Brazilian corporate and tax environment. The results of the illustrative examples indicate that the adoption of some accounting practices from US and from UK may require changes in the Brazilian corporate law.
publishDate 2021
dc.date.none.fl_str_mv 2021-02-09
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://periodicos.fgv.br/revdireitogv/article/view/83275
url https://periodicos.fgv.br/revdireitogv/article/view/83275
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://periodicos.fgv.br/revdireitogv/article/view/83275/79078
dc.rights.driver.fl_str_mv Copyright (c) 2021 Revista Direito GV
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2021 Revista Direito GV
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Escola de Direito de São Paulo da Fundação Getulio Vargas
publisher.none.fl_str_mv Escola de Direito de São Paulo da Fundação Getulio Vargas
dc.source.none.fl_str_mv Revista Direito GV; Vol. 16 No. 3 (2020): set.-dez. (37); e1973
Revista Direito GV; Vol. 16 Núm. 3 (2020): set.-dez. (37); e1973
Revista Direito GV; v. 16 n. 3 (2020): set.-dez. (37); e1973
2317-6172
reponame:Revista Direito GV
instname:Fundação Getulio Vargas (FGV)
instacron:FGV
instname_str Fundação Getulio Vargas (FGV)
instacron_str FGV
institution FGV
reponame_str Revista Direito GV
collection Revista Direito GV
repository.name.fl_str_mv Revista Direito GV - Fundação Getulio Vargas (FGV)
repository.mail.fl_str_mv ||revistadireitogv@fgv.br|| catarina.barbieri@fgv.br
_version_ 1798943710736547840

Registros relacionados