Overview of the nature of DTAs under IFRS

[JohnLocke]

Attached you can find a document from Deutsche Bundesbank and their dealings with the DTA's towards Eruopean and overseas customers.View attachment 90

We are writing as a follow up to the roundtable with you and representatives of major Germanbanks in our office premises in Eschborn/Frankfurt/Main on 24 February 2010.The goal of the deferred tax asset (“DTA”) roundtable was to commence an open dialoguebetween the German regulators, the German banks and Ernst & Young regarding the mostappropriate regulatory treatment of DTAs.Since the regulatory treatment of DTAs is highly important not only for German financialinstitutions but also for financial institutions in other European countries, we as Ernst & Youngintend to initiate similar roundtables in Paris, Zurich, Amsterdam and London among others.That way, we expect to receive an overview of the concerns of the financial institutions inGermany and abroad as well as various suggestions regarding the future regulatory treatment ofDTAs.

View attachment DTAS-Germany.pdf

 

[system32]

Means goodbye to German bank account holders! What a joke.

 

[tax-consultant]

Does that mean one is not protected by the Cyprus banking secrecy any longer if Im from Germany?

 

[Rahul shetty]

This will attract thousands of investors from all over the world In deustch

 

[Aliza beth]

Good to hear that... This will make bonding of Deutsche and Germany more stronger.