The importance of adopting international Standards by foreign banks in achieving the fairness of tax accounting and it is reflection on attracting foreign investment

Abstract

   This study has facedown the importance of adopting international accounting standards for financial instruments and their impact on the process of taxation to achieve tax justice by the application on a sample of invested foreign banks in the local environment

   The problem of the study its summarized as follows the tax authority in Iraq doesn't deposal on financial lists of foreign companies , operating in the country which are prepared according to international accounting standards for financial instruments for tax purposes , that resulting to failure in achieving fairness , as well as encourage tax evasion. To achieve the objective of the study and test the hypothesis, the researchers have chose one of the invested foreign banks in the local environment to determine the impact of international accounting standards for financial instruments in the process of taxation , and achieve fairness of taxation , the results have shown that there is a positive impact in the use of international accounting standards of financial instruments for invested foreign companies in the local environment to achieve fairness in taxation . 

    The study has come to the year it that adopting International Accounting Standards of the financial instruments contributes significantly in attracting foreign investments because they generate confidence among investors , which enables them to enter the foreign markets and international competition , and  hand , adding more appropriate and tax fairness through capability of the financial statements because the kept the international environments improvements and changes and to  avoid tax evasion and therefore improve the relationship between the taxpayer and tax authority.