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Business
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6 / 1421 |
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On the other hand, reporting taxes was intended as a means "to collect revenues in an equitable and efficient manner" (2002, page 1, ¶ 1). Plesko also suggests that while financial accounting rules based on GAAP may be applied in a discretionary manner, tax codes offer a clear set of rules that leave "little room for managerial judgment" (2002, page 1, ¶1)...
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On the other hand, reporting taxes was intended as a means "to collect revenues in an equitable and efficient manner" (2002, page 1, ¶ 1). Plesko also suggests that while financial accounting rules based on GAAP may be applied in a discretionary manner, tax codes offer a clear set of rules that leave "little room for managerial judgment" (2002, page 1, ¶1)...
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