It isn't fair, and it ought to go
Article Abstract:
The legislation on taxation of capital gains (TCG) should be repealed because of numerous irregularities. Foremost of these is the taxation of corporate and individual gains as if they were additional income despite the fact that anti-avoidance provisions differentiate between gains and income. Other anomalies include double capital tax on gifts given seven years before death, taxation of certain settlements when interest in possession exists and chargeable gains that are greater than actual gain. TCG is also seen as a deterrent to most business activities that slows down economic developments. It is credited for discouraging direct portfolio investments and venture capital investments. All these reasons are grounds for the annulment of TCG regulations.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1992
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A valued Change?
Article Abstract:
The impact on account users, share price, and corporate values, of the International Accounting Standards required for all listed companies in the European Union, is the subject of this article. The authors believe reduction in risk is a positive result of the regulations.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 2001
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Serious problem
Article Abstract:
The potential problems that arise from the removal the statutory audit requirement for small companies are examined, with regard to share valuations.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 2001
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