Tax expenditure reporting: towards a more transparent government budget

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...

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Main Authors:	Yussof, Salwa Hana, Kasipillai, Jeyapalan
Format:	Conference or Workshop Item
Language:	English English
Published:	2015
Subjects:	HJ2005 Income and expenditure. The budget HJ2240 Revenue. Taxation HJ7451 Expenditures. Government spending
Online Access:	http://irep.iium.edu.my/47394/ http://irep.iium.edu.my/47394/ http://irep.iium.edu.my/47394/1/Yussof_%26_Kasipillai_2015_-_Improve_transparency_thru_tax_expd_reporting_INTAC6_28-29_Oct.pdf http://irep.iium.edu.my/47394/5/INTAC_VI_2015_Abstracts_book.pdf

id	iium-47394
recordtype	eprints
spelling	iium-473942018-06-25T03:46:32Z http://irep.iium.edu.my/47394/ Tax expenditure reporting: towards a more transparent government budget Yussof, Salwa Hana Kasipillai, Jeyapalan HJ2005 Income and expenditure. The budget HJ2240 Revenue. Taxation HJ7451 Expenditures. Government spending 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. 2015-10-29 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/47394/1/Yussof_%26_Kasipillai_2015_-_Improve_transparency_thru_tax_expd_reporting_INTAC6_28-29_Oct.pdf application/pdf en http://irep.iium.edu.my/47394/5/INTAC_VI_2015_Abstracts_book.pdf 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. http://www.iium.edu.my/conference/iium-international-accounting-conference-intac-vi
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	HJ2005 Income and expenditure. The budget HJ2240 Revenue. Taxation HJ7451 Expenditures. Government spending
spellingShingle	HJ2005 Income and expenditure. The budget HJ2240 Revenue. Taxation HJ7451 Expenditures. Government spending Yussof, Salwa Hana Kasipillai, Jeyapalan Tax expenditure reporting: towards a more transparent government budget
description	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.
format	Conference or Workshop Item
author	Yussof, Salwa Hana Kasipillai, Jeyapalan
author_facet	Yussof, Salwa Hana Kasipillai, Jeyapalan
author_sort	Yussof, Salwa Hana
title	Tax expenditure reporting: towards a more transparent government budget
title_short	Tax expenditure reporting: towards a more transparent government budget
title_full	Tax expenditure reporting: towards a more transparent government budget
title_fullStr	Tax expenditure reporting: towards a more transparent government budget
title_full_unstemmed	Tax expenditure reporting: towards a more transparent government budget
title_sort	tax expenditure reporting: towards a more transparent government budget
publishDate	2015
url	http://irep.iium.edu.my/47394/ http://irep.iium.edu.my/47394/ http://irep.iium.edu.my/47394/1/Yussof_%26_Kasipillai_2015_-_Improve_transparency_thru_tax_expd_reporting_INTAC6_28-29_Oct.pdf http://irep.iium.edu.my/47394/5/INTAC_VI_2015_Abstracts_book.pdf
first_indexed	2023-09-18T21:07:27Z
last_indexed	2023-09-18T21:07:27Z
_version_	1777411028231913472

Tax expenditure reporting: towards a more transparent government budget

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