The IASB has received as many as 200 letters campaigning against the proposed standard, submitted by lobbying group, the International Employee Stock Options Coalition, according to reports in today’s FT.
In response, the IASB said it welcomed the letters and would consider the comments of those that disagreed with the proposal. The letters will be released after the 30 April meeting of the IASB.
However, the IASB, together with US counterpart, the Financial Accounting Standards Board are unlikely to budge on this issue.
Already global braneds like Amazon.com, Microsoft and Coke are including the cost of stock options in their profit and loss accounts.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements