The Resource Should accountants determine how much tax we pay? International Accounting Standards vs taxable income and capital gains

Should accountants determine how much tax we pay? International Accounting Standards vs taxable income and capital gains

Label
Should accountants determine how much tax we pay? International Accounting Standards vs taxable income and capital gains
Title
Should accountants determine how much tax we pay? International Accounting Standards vs taxable income and capital gains
Creator
Subject
Language
eng
Summary
In this public address, the author puts in layman's terms the arguments for a closer alignment of taxable income and the accounting measure of profit. He canvasses the development of the legal notion of income for New Zealand tax purposes and contrasts that with the economics and accounting interpretations. Advocating a broader application of the accounting concept of income, the address questions what is so special about New Zealand not taxing capital gains. The author concedes that, from a tax policy perspective, a full aligment of the accounting and tax measures of income is not necessarily desirable. However, he concludes that there is considerable scope for a greater coherence in the determination of taxable income both within income tax law itself and between tax law and accounting
Citation source
In: New Zealand journal of taxation law and policy. - Wellington. - Vol. 14 (2008),
http://library.link/vocab/creatorName
Holmes, K.J
Geographic coverage
Pacific Islands
Language note
English
http://library.link/vocab/subjectName
  • IAS
  • tax accounting
  • capital gains tax
Label
Should accountants determine how much tax we pay? International Accounting Standards vs taxable income and capital gains
Instantiates
Publication
Label
Should accountants determine how much tax we pay? International Accounting Standards vs taxable income and capital gains
Publication

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