John Cullinane Tax Partner Deloitte in the first of two articles on this topic asks what the relationship should be between business profits tax and the accounts
This article grew out of a debate with Paul Morton Head of Group Tax at Reed Elsevier Group plc on the arguments for and against the alignment of business profits tax and accounts. Below I put forward my thoughts on the matter and Paul replies in a separate article in this issue.
Defining the question?
Profit is an accounting concept and a profits tax will always have some basis in accounting. But what exactly should the relationship be?
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John Cullinane Tax Partner Deloitte in the first of two articles on this topic asks what the relationship should be between business profits tax and the accounts
This article grew out of a debate with Paul Morton Head of Group Tax at Reed Elsevier Group plc on the arguments for and against the alignment of business profits tax and accounts. Below I put forward my thoughts on the matter and Paul replies in a separate article in this issue.
Defining the question?
Profit is an accounting concept and a profits tax will always have some basis in accounting. But what exactly should the relationship be?
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
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