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Tax expenditure reporting: towards a more transparent government budget

Yussof, Salwa Hana and Kasipillai, Jeyapalan (2015) Tax expenditure reporting: towards a more transparent government budget. In: International Accounting Conference VI (INTAC VI), 27-28 October 2015, Kuala Lumpur Campus, Kuala Lumpur.

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Abstract

Tax expenditures are a substitute to government direct spending. Therefore, they should be reported and analysed on the spending side of the budget. Failure to understand the concept of tax expenditures would lead to tax expenditures being mistakenly analysed as the revenue function and escaped the detailed scrutiny that should have been placed on direct spending. This article explores the concept of tax expenditures as posited by the late Professor Stanley S Surrey. It also discusses the arguments that oppose and support the use of tax expenditures, and the different methods that can be applied to measure tax expenditures in monetary terms. Finally, this article discusses the importance of tax expenditure reporting from a revenue perspective and outlines the steps involved in the preparation of a tax expenditure report.

Item Type: Conference or Workshop Item (Invited Papers)
Additional Information: 6971/47394
Uncontrolled Keywords: tax expenditure, government budget
Subjects: H Social Sciences > HJ Public Finance > HJ2005 Income and expenditure. The budget
H Social Sciences > HJ Public Finance > HJ2240 Revenue. Taxation
H Social Sciences > HJ Public Finance > HJ7451 Expenditures. Government spending
Kulliyyahs/Centres/Divisions/Institutes: Kulliyyah of Economics and Management Sciences > Department of Accounting
Depositing User: Dr Salwa Hana Yussof
Date Deposited: 14 Jun 2016 14:57
Last Modified: 25 Jun 2018 11:46
URI: http://irep.iium.edu.my/id/eprint/47394

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