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The Treatment On Accounting And Tax Of Goodwill Amortization
mergers and acquisitions,amortization of goodwill,intangible assets,cooperative obligations,business judgement rule,
|Publication Year :||2020|
The provisions of Article 40 Business Mergers And Acquisitions Act: “The goodwill created as a result of merger, consolidation and acquisition by a company may
be equally amortized within fifteen years.” The administrative court avoided the abuse of the goodwill amortization system. The taxpayers argued the goodwill amortization rights in accordance with law. There is a strong tension between the two. The issue of goodwill amortization is not just an issue of objective burden of proof. This article attempts to return from the distribution of objective burden of proof to the clarification of the nature of goodwill and the amortization of intangible assets. Furthermore, it
discusses the proofs of goodwill and the amortization problems of the affiliated and non-affiliated entities. Then, it tries to eased the conflict between the points of view both sides involved fundamentally.
Goodwill is a final supplement. How can the acquirer identify the amortization of intangible assets and goodwill? Goodwill is extensional. How does the acquirer perform its cooperative obligations on the proof of goodwill? Goodwill is externally transactable.
Can the affiliated entity recognize the goodwill created from mergers and acquisitions? Goodwill is inseparable from an enterprise or business. Does a company acquire
goodwill while acquiring the business of another company? This article attempts to solve these problems.
This article looks at the characteristics of goodwill and combines the perspectives of accounting and tax law to seek a solution other than the burden of objective proof on the amortization of goodwill between affiliated and non-affiliated entities. The amendment to the provisions of Article 40 Business Mergers And Acquisitions Act proposes to fundamentally resolve the deadlock in which goodwill is difficult to VI
amortize in current practice. The findings and recommendations of this article resolve the problems of goodwill amortization at the front end.
|Appears in Collections:||科際整合法律學研究所|
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