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imported>Doug Williamson |
imported>Doug Williamson |
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| 1. ''Accounting''.
| | ''Tax''. |
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| A surplus arising from the appropriate matching of revenues with expenditure.
| | Tax payer action that reduces the taxable profit in a jurisdiction by shifting it to a jurisdiction where it will be taxed at a lower rate or not taxed at all. |
| <br>For example, operating profit or net profit.
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| | This is generally seen by tax authorities as potentially abusive, even if legal. |
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| The profit for a period may differ from the cash flow because of:
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| *Items in cash flow which are not part of profit. For example capital expenditure or the collection of debtors recognised in prior periods; and
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| *Items in profit which are not cash flows, for example depreciation, amortisation, or making accruals.
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| | == See also == |
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| 2.
| | * [[Base erosion and profit shifting]] |
| | | * [[Tax avoidance]] |
| More generally any surplus, gain or net benefit arising.
| | * [[Tax evasion]] |
| | | * [[Transfer pricing]] |
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| == See also ==
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| *[[Accounting]]
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| *[[Accrual]]
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| *[[Accruals accounting]]
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| *[[Amortisation]]
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| *[[Attributable profit]]
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| *[[Break-even]]
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| *[[Capital expenditure]]
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| *[[Cash]]
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| *[[Cash balance]]
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| *[[Cash flow]]
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| *[[Debtors]]
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| *[[Depreciation]]
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| *[[Economic profit]]
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| *[[Environmental profit and loss]] | |
| *[[Gross profit]]
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| *[[Income statement]]
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| *[[Loss]]
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| *[[Net operating profit after tax]] (NOPAT)
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| *[[Net profit]]
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| *[[Net profit margin]]
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| *[[Normal profit]]
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| *[[Not-for-profit]]
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| *[[Operating profit]]
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| *[[Profit after tax]]
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| *[[Profit and Loss account]]
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| *[[Profit and Loss reserve]]
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| *[[Profit before interest and tax]] (PBIT)
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| *[[Profit before tax]]
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| *[[Profit centre]]
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| *[[Profit for purpose]]
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| *[[Profit margin]]
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| *[[Profit maximisation]]
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| *[[Profit shifting]]
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| *[[Profit warning]] | |
| *[[Profitability]]
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| *[[Return]]
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| *[[Revenue]] | |
| *[[Statement of profit or loss]] | |
| *[[Supernormal profit]]
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| *[[Taxable profits]]
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| *[[Turn]]
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| *[[Underlying]]
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| *[[Unrealised profit]]
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| | [[Category:Compliance_and_audit]] |
| [[Category:Accounting,_tax_and_regulation]] | | [[Category:Accounting,_tax_and_regulation]] |
Revision as of 07:02, 15 September 2014
Tax.
Tax payer action that reduces the taxable profit in a jurisdiction by shifting it to a jurisdiction where it will be taxed at a lower rate or not taxed at all.
This is generally seen by tax authorities as potentially abusive, even if legal.
See also
