January 2011
Bulletin of the Transilvania University of Brasov. Series V: Eco;2011, Vol. 4 Issue 1, p143
Academic Journal
The numerous legislative changes that occur from one financial year to another are not always able to clarify points of divergence existent between establishing the tax profit and the accounting one. Thus, accountants are sometimes put in difficulty, regarding the obligation to present the accounts respecting the principle of a true and fair view and the desire to optimize the tax cost of their business. The fact is that in the absence of specific accounting rules, the tax normative is set as a practical normative. In the fiscal side, there are clear law provisions governing each type of tax which must be respected. The tax base is the tax result and taxation,, by imposing strict rules, is trying to balance the general tendency of the taxpayers to minimize the tax due.


Related Articles

  • SECTION 2. BACKGROUND.  // Internal Revenue Bulletin;9/8/2008, Vol. 2008 Issue 36, p606 

    The article discusses the section two of the Revenue Procedure 2008-52 regarding the change in method of accounting in the U.S. It determines that the change include the overall plan of accounting for gross income or deductions and the treatment of any material item. It allows the Commissioner...

  • Night move.  // Crain's Cleveland Business;6/14/2010, Vol. 31 Issue 24, p10 

    In this article the author discusses a bill approved by the state legislature of Ohio providing state income tax deduction for losses on gambling. He criticizes the bill as it covers losses from gambling at anywhere. According to him, limiting it losses incurred in casinos in Ohio could have...

  • Obama Unveils FY15 Budget. Investor's Business Daily // Investors Business Daily;3/ 5/2014, pA01 

    3 The president's $3.9 tril spending plan includes $651 bil in new tax revenue from the rich, fees on banks and caps on charitable deductions. It would leave a budget gap of $564 bil, down from $649 bil in FY14. In a polarized election year, it has no realistic chance of passage: Speaker John...

  • An Analysis of America's Financial Situation.  // Congressional Digest;May32, Vol. 11 Issue 5, p131 

    The article analyses the financial situation of the U.S. during the 1930s. Almost all units of government from the national treasury down are faced with a deficit. This comes at a time when many of them feel the necessity of enlarging relief expenditures. The result is a scramble for new means...

  • Reduce the Debt First; Then Reduce Taxes.  // Saturday Evening Post;3/15/1947, Vol. 219 Issue 37, p164 

    The article focuses on the tax policy in the U.S. in which tax reduction has to be considered. The author points out that at the end a war which cost the country several billion dollars a month, it is natural for people to expect a substantial cut in their income taxes. He adds that if no...

  • Maggie's Bold New Budget The Tories cut income taxes--and risk inflation.  // Time;6/25/1979, Vol. 113 Issue 26, p31 

    The article reports on the cut of income taxes and risk inflation in Great Britain. It states that the budget reduces the highest income tax rates from 83 percent to 60 percent and the standard rate will drop from 33 percent to 30 percent. To replace the estimated 9.5 billion dollars in lost...

  • Ontario businesses can take advantage of 2014 budget changes. BISSONETTE, LAURIE // Northern Ontario Business;Apr2014, Vol. 34 Issue 6, p4 

    The article discusses the 2014 budget changes in Canada including the Canada Accelerator and Incubator Program funding, Canada Job Grant program, and proposal to relax remitting source deductions for employees' income tax which will still benefit businesses in Ontario.

  • Basic Income or Caretaker Benefits? Wax, Amy L. // Basic Income Studies;2009, Vol. 4 Issue 1, p-1 

    Feminists have long taken the position that society should commit itself to the support of individuals who care for others. In this view, governments should subsidize "caretaking units," consisting of adults supporting dependents in need of care and assistance. This article undertakes to assess...

  • FASB fine tunes income tax statement to fit with AJCA. Cheney, Glenn // Accounting Today;1/24/2005, Vol. 19 Issue 2, p5 

    Reports on the efforts of the U.S. Financial Accounting Standards Board to fine tune income tax statement to fit with the American Jobs Creation Act of 2004. Information on Financial Accounting Statement 109-1, a staff position that provides a tax deduction proportionate to qualified production...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics