04782oam 2200721I 450 991077798220332120230721021522.01-134-02195-X1-134-02194-11-282-37325-097866123732510-203-87967-810.4324/9780203879672 (CKB)1000000000762107(EBL)435646(OCoLC)437125221(SSID)ssj0000366801(PQKBManifestationID)12098876(PQKBTitleCode)TC0000366801(PQKBWorkID)10416753(PQKB)11015178(MiAaPQ)EBC435646(Au-PeEL)EBL435646(CaPaEBR)ebr10313093(CaONFJC)MIL237325(OCoLC)647824749 (EXLCZ)99100000000076210720180706d2009 uy 0engur|n|---|||||txtccrThe timing of income recognition in tax law and the time value of money /Moshe ShekelOxon ;New York, N.Y. :Routledge-Cavendish,2009.1 online resource (366 p.)Description based upon print version of record.0-415-63163-7 0-415-47754-9 Includes bibliographical references and index.The purpose of financial accounting and the concept of prudence -- The distinction between income, revenue, and gain -- Revenue recognition -- Expense recognition -- Advances and deposits -- Accounting background : summary and comments -- General tax values -- The time value of money theory -- Tax values relevant to the question of timing : summary and comments -- The dualistic doctrine and the singular doctrine -- The reporting methods -- Between GAAP and fiscal accounting : U.K. tax law -- Between GAAP and fiscal accounting : U.S. tax law -- Between GAAP and fiscal accounting : Israeli tax law -- Between GAAP and fiscal accounting : summary and comment -- The loan approach and the income approach -- Timing of recognition of deposits as 'income' : U.K. tax law -- Timing of recognition of deposits as 'income' : U.S. tax law -- Timing of recognition of deposits as 'income' : Israeli tax law -- Timing of recognition of income from deposits : summary and comments -- The deferral approach and the advance approach -- Timing of recognition of income from advances : U.K. tax law -- Timing of recognition of income from advances : U.S. tax law -- Timing of recognition of income from advances : Israeli tax law -- Timing of recognition of income from advances : summary and comments -- The certainty level question and the time gap question -- Timing of deduction of future expenses : U.K.. tax law -- Timing of deduction of future expenses : U.S. tax law -- Timing of deduction of future expenses : Israeli tax law -- Timing of deduction of future expenses : summary and comments -- The comparative value taxation model (the C.V.T. model) -- The saving of financing costs taxation model (the S.F.C. model) -- Selecting one of the two models -- Impact on tax revenues.Time itself creates advantages and disadvantages in the field of taxation. The timing of the recognition of income and expenses for tax purposes has two main implications: firstly, for the timing of the collection of tax, and secondly, for the question of quantification, i.e., how to ensure that the difference between the timing of the recognition of income or expenses, as opposed to the respective dates on which the amounts are actually received or paid, does not distort the determination of the amount of chargeable income.The time component is a weapon in the confrontation between Income taxLaw and legislationGreat BritainIncome taxLaw and legislationUnited StatesIncome taxLaw and legislationIsraelIncome taxAccountingLaw and legislationGreat BritainIncome taxAccountingLaw and legislationUnited StatesIncome taxAccountingLaw and legislationIsraelIncome taxLaw and legislationIncome taxLaw and legislationIncome taxLaw and legislationIncome taxAccountingLaw and legislationIncome taxAccountingLaw and legislationIncome taxAccountingLaw and legislation343.05/2Shekel Moshe.1567108MiAaPQMiAaPQMiAaPQBOOK9910777982203321The timing of income recognition in tax law and the time value of money3838219UNINA