Over many years various accounting authorities have grappled with the problem of appropriate recognition and classification of income and expenditure items in the preparation of financial accounts. One obvious case in point is the distinction between the ordinary revenue and capital gain nature...

A country's net flow of capital consists of simultaneously occurring imports and exports. Because a tax on the income from capital imports affects the quantity of capital exports and vice versa, tax policies toward inbound and outbound capital should be jointly formulated in order to avoid...

A country’s net flow of capital consists of simultaneously occurring imports and exports. Because a tax on the income from capital imports affects the quantity of capital exports and vice versa, tax policies toward inbound and outbound capital should be jointly formulated in order to avoid...