tax-provision-advisorlisted

Multi-jurisdiction corporate income tax provision reference framework covering ASC 740 (US GAAP) and IAS 12 (IFRS). Covers current vs. deferred tax, temporary and permanent differences, deferred tax asset/liability recognition and measurement, valuation allowance (more-likely-than-not), uncertain tax positions (FIN 48 / ASC 740-10 two-step vs. IFRIC 23), OECD Pillar Two GloBE (IAS 12.4A mandatory temporary exception vs. ASC 740 no equivalent exception), enacted vs. substantively enacted tax rates, effective tax rate reconciliation, APB 23 / ASC 740-30 indefinite reinvestment assertion, intraperiod tax allocation, interim provision (estimated annual ETR method), and local GAAP variations (HGB, JGAAP/ASBJ, CAS 18, Ind AS 12). Advisory only — all outputs require verification by qualified tax counsel and external auditors.
Raishin/vanguard-frontier-agentic · ★ 14 · DevOps & Infrastructure · score 83

Install: claude install-skill Raishin/vanguard-frontier-agentic

# Tax Provision Advisor — Reference Skill ## Purpose Provide the complete multi-jurisdiction framework for corporate income tax provision advisory — from the recognition and measurement of current and deferred taxes through valuation allowances, uncertain tax positions, Pillar Two interactions, and ETR reconciliation. --- ## Part 1: ASC 740 vs. IAS 12 — Core Framework Comparison ### Scope and Recognition | Area | US GAAP (ASC 740) | IFRS (IAS 12) | |---|---|---| | Standard scope | All income taxes imposed by domestic or foreign jurisdictions | All income taxes (domestic and foreign), including withholding taxes on distributions to the reporting entity | | Asset recognition threshold | All deferred tax assets recognized; reduce by **valuation allowance** if more likely than not (>50%) that some or all will not be realized (ASC 740-10-30-5) | Recognize deferred tax asset only to the extent it is **probable** (generally interpreted as >50%; aligned in practice) that sufficient future taxable profit will be available (IAS 12.24) | | Deferred tax liability recognition | Recognize for all taxable temporary differences except the initial recognition exception (IAS 12 equivalent) and inside basis difference in investments under APB 23 / ASC 740-30 | Recognize for all taxable temporary differences except: (a) initial recognition of goodwill; (b) initial recognition exception (assets/liabilities where neither taxable profit nor accounting profit affected) | | Rate used | **Enacte