In May 2012 the IASB have identified three topics that, because of their nature and complexity, cover matters for which the IASB does not plan to issue a discussion or research document within the next three years. However, we encourage other standard-setters to investigate these topics on our behalf. We will allocate staff to these projects to ensure that the information being gathered is likely to benefit the IASB when it does take a more active role in the project.
Previously the IASB had made narrow scope amendments to IAS 12 to address issues that had been occurring in practice. The IASB and FASB did not succeed in developing a converged and simplified Standard on income taxes. A fundamental review of income tax accounting would be a significant project.
This page will be updated once staff has been assigned to this project.