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Subject: RE: [tax] Comments on XML Position Paper
As you all probably know, in the Netherlands we have an XML audit file, as specified by the Belastingdienst. As an audit firm we have incorporated this audit file in our audit activities with the use of an specific audit softwaretool. We want to stay close -for all the obvious reasons- to the developments of standards and we have compared the properties of XBRL and the XML audit file. In my opinion the right comparison is on the XBRL GL taxonomy level, which differs from XBRL financial reporting, in particular in the details provided. Regards, _____________________________ Marc van Hilvoorde PricewaterhouseCoopers Global Risk Management Solutions George Farkas <gfarkas@xbisoftwa To: Lutes Terence H <Terence.H.Lutes@irs.gov>, Philip Allen re.com> <plega-oasis@decisionsoft.com>, tax@lists.oasis-open.org 12-03-2004 16:01 cc: Eric E Cohen/US/ABAS/PwC@Americas-US Subject: RE: [tax] Comments on XML Position Paper I agree that one ought to be careful, but the discussion ignores XBRL GL. XBRL GL (and Eric Cohen is the expert here) enables the tax world to get the information it needs at a far more granular level than XBRL financial reporting. If we ignore XBRL GL, we are ignoring some of the best standardized ways of obtaining the tax information that is required. IMHO, if my limited knowledge of XBRL GL is correct, XBRL GL can provide the reports of the transactions as is needed. Disclosure: As Chair of XBRL Canada, I may be biased in that direction. George Farkas President, XBI Software Inc Chair, XBRL Canada At 02:01 AM 3/12/2004, Lutes Terence H wrote: I very much agree with Phil and Andy's point. -----Original Message----- From: Philip Allen [mailto:plega-oasis@decisionsoft.com] Sent: Thursday, March 11, 2004 4:15 AM To: tax@lists.oasis-open.org Subject: Re: [tax] Comments on XML Position Paper On Tuesday 09 March 2004 11:47, Andy Greener wrote: > I'm also a little nervous about recommending XBRL wholesale as the > standard for tax reporting. It is certainly appropriate in the > corporate financial reporting world, and by extension therefore the > corporate tax reporting world, but I can think of a number of tax > reporting scenarios here in the UK for instance for which it would be > less than ideal (personal tax compliance information, payroll > deduction and compliance information for income tax and National > Insurance, duty on property and financial transactions, etc). I would like to support Andy's point here. XBRL is very well suited for corporate financial data and related tax and regulatory reporting - but much other tax data is transactional in nature and so there is a strong case for couching it in conventional XML. The widespread acceptance of XBRL is a huge step forward for the financial services industry but we must be careful not to oversell it. Regards -- Philip Allen, Chairman DecisionSoft Limited +44-1865-203192 http://www.decisionsoft.com To unsubscribe from this mailing list (and be removed from the roster of the OASIS TC), go to http://www.oasis-open.org/apps/org/workgroup/tax/members/leave_workgroup.php . _________________________________________________________________ The information transmitted is intended only for the person or entity to which it is addressed and may contain confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient is prohibited. If you received this in error, please contact the sender and delete the material from any computer.
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