Carlos M. Vargas R.Aura E. Peña G.2026-03-222026-03-222017https://biblat.unam.mx/hevila/ActualidadcontableFACES/2017/vol20/no35/7.pdfhttps://andeanlibrary.org/handle/123456789/54819Citaciones: 3Economic globalization is a phase in the development of the so-called financial capitalism, which has imposed significant challenges on countries and organizations in terms of increasing their competitive and comparative advantages as a prerequisite for staying and growing in the global village. Thus, hegemonic logics are generated tending to normalize different processes in the world, including accounting, in order to ensure a homogeneous financial language and uniform accounting practices. Colombia began the process of adoption of international accounting regulations with the Law 1314 of 2009; so it is important to analyze the possible effects of this regulation on taxation. Thus, based on hermeneutics, the modification in the accounting-taxation relationship can be envisaged, since the new accounting and measurement criteria do not fully satisfy the information requirements for fiscal purposes. In addition, a double tax effect is expected with the application of international standard 12 on income tax.esHegemonyGlobalizationAccountingOrder (exchange)CapitalismInternational Financial Reporting StandardsHomogeneousAccounting information systemWelfare economicsEconomicsarticle