The timing of income recognition in tax law and the time value of money
Subtitle: a comparative study and empirical study
By: Moshe Shekel.
Publisher: Routledge-Cavendish
Published: 2009
Place of publication: Abingdon, Oxon; New York, NY
Language: eng
Number of pages: 327
ISBN-13: 9780415477543
Subjects: Income tax -- Law and legislation -- Great Britain; Income tax -- Law and legislation -- United States; Income tax -- Law and legislation -- Israel; Income tax -- Accounting -- Law and legislation -- Great Britain; Income tax -- Accounting -- Law and legislation -- United States; Income tax -- Accounting -- Law and legislation -- Israel
Table of contents: title: The purpose of financial accounting and the concept of prudence; title: The distinction between income, revenue, and gain; title: Revenue recognition; title: Expense recognition; title: Advances and deposits; title: Accounting background : summary and comments; title: General tax values; title: The time value of money theory; title: Tax values relevant to the question of timing : summary and comments; title: The dualistic doctrine and the singular doctrine; title: The reporting methods; title: Between GAAP and fiscal accounting : U.K. tax law; title: Between GAAP and fiscal accounting : U.S. tax law; title: Between GAAP and fiscal accounting : Israeli tax law; title: Between GAAP and fiscal accounting : summary and comment; title: The loan approach and the income approach; title: Timing of recognition of deposits as 'income' : U.K. tax law; title: Timing of recognition of deposits as 'income' : U.S. tax law; title: Timing of recognition of deposits as 'income' : Israeli tax law; title: Timing of recognition of income from deposits : summary and comments; title: The deferral approach and the advance approach; title: Timing of recognition of income from advances : U.K. tax law; title: Timing of recognition of income from advances : U.S. tax law; title: Timing of recognition of income from advances : Israeli tax law; title: Timing of recognition of income from advances : summary and comments; title: The certainty level question and the time gap question; title: Timing of deduction of future expenses : U.K.. tax law; title: Timing of deduction of future expenses : U.S. tax law; title: Timing of deduction of future expenses : Israeli tax law; title: Timing of deduction of future expenses : summary and comments; title: The comparative value taxation model (the C.V.T. model); title: The saving of financing costs taxation model (the S.F.C. model); title: Selecting one of the two models; title: Impact on tax revenues.