Tax effect accounting was introduced into Australia a little over a decade ago. The treatment of the tax effect of losses carried forward and the trading stock valuation adjustment introduced further complications to this new aspect of corporate accounting and reporting. This paper presents an account of the resolution of these accounting issues. It covers the role of professional bodies, companies, and regulatory authorities and the conflicts which arose among them.
Gibson, Robert William
"Episodes in the Australian tax accounting saga,"
Accounting Historians Journal: Vol. 11
, Article 6.
Available at: https://egrove.olemiss.edu/aah_journal/vol11/iss2/6