1. Financial reporting - accounting concepts.
In financial reporting, neutrality means avoiding bias of any kind.
Under the IFRS Conceptual Framework, neutrality is an essential component of 'faithful representation'.
In turn, a neutral representation is supported by prudence.
2. Tax - regulation.
Regulation in a tax regime - or a regulatory regime - means not distorting markets or decision making by unequal treatment of alternative structures of courses of action.