Threading the Needle: Pillar Two and the IRA’s Green Energy Credits
Cross-border Tax Talks
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The Differences Between Refundable Credits and Other Credits
The OECD says refundable credits should be accounted for above the tax line. But financial accounting treatment of credits that come through, quote, below the line is not necessarily straightforward and there are some real differences. The distinction between a refundable credit and other credits is real in the financial accounting world. I think it's important that these refundable credits are accounted forabove the line like government grants.
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