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Full-Text Articles in Business
E-Commerce: Choosing The Appropriate Tax Model, Jeffrey A. Scudder
E-Commerce: Choosing The Appropriate Tax Model, Jeffrey A. Scudder
Presidential Scholars Theses (1990 – 2006)
The Internet's economic role has increased dramatically over the past decade. Along with many benefits, e-commerce has brought with it some important policy questions. One question relates to tax policy, and whether Internet transactions should be subject to sales or use taxes. This paper examines that question, considering factors such as feasibility, efficiency, fairness (virtual v. "brick-and-mortar" retailers), and legality. The relationship between ecommerce tax policy and state and local government revenues will also be addressed. Based on these factors, the evidence suggests that taxing Internet sales would be feasible, efficient, and provide revenue for important public services.
The Effect Of A Flat Tax On The Individual Taxpayer, Sarah Allen
The Effect Of A Flat Tax On The Individual Taxpayer, Sarah Allen
Presidential Scholars Theses (1990 – 2006)
The 1996 presidential election brought the subject of the U.S. tax system up for debate. Politicians and citizens alike disagree over whether our tax system should be restructured, and if so whether a flat tax is the policy to impose. This paper examines our tax structure, explains the components of a flat tax, and presents support and opposition for a flat tax policy.
An Explanation Of Fasb #96, Michael R. Armbrecht
An Explanation Of Fasb #96, Michael R. Armbrecht
Presidential Scholars Theses (1990 – 2006)
Deferred taxes exist because Generally Accepted Accounting Principles CGAAP and tax laws differ. These differing rules require companies to prepare two sets of financial statements, one for their stockholders and other financial statement users (GAAP) and one for the Internal Revenue Service. The two sets of financial records result in a net income for GAAP purposes which differs from the income on which the tax is computed. Since 1967, the reconciliation of these two sets of books was prescribed by Accounting Principle Board Opinion #11. The reconciIiation is necessary because expenses are usually recognized faster and revenue recognized later under …