Tax reforms 'could deter corporate hedging'

The market has already widely denounced the move to fair-value accounting and the restrictions on hedge accounting that will be implemented in the IAS 39 standards on January 1, because of their potential to introduce more volatility into financial results. This latest proposal will add yet another obstacle, said the ACT, commenting on the HM Treasury and Inland Revenue's consultation on Corporation Tax Reform (August 2003) earlier this month.

"We are concerned that if taxation were also to be

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: