rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    title: Allowable expenditures under the income tax law
    sub title: the development of legal principles from the common law perspective
  name:
    name part: Sarafadeen, Nafiu Olaitan
    role:
      role term: creator
  name:
    name part: International Islamic University Malaysia
    name part: Ahmad Ibrahim Kulliyyah of Laws
  genre: Theses, IIUM local
  origin info:
    place:
      place term: my
    place:
      place term: Kuala Lumpur
    publisher: Ahmad Ibrahim Kulliyyah of Laws, International Islamic University Malaysia
    date issued: 2013
  language:
    language term: eng
  physical description:
    extent: xxii, 364 leaves : ill. ; 30cm.
  abstract: Allowable expenditure is a vital area available to taxpayers to explore for tax benefit.It is distinguishable from tax evasion, in the sense that the latter involves using unlawful means to circumvent the payment of taxes, it is therefore illegal and a crime punishable by the law; but allowable expenditure which may be described as an extended family member of tax avoidance is the process whereby taxpayers take advantage of legal opportunities to minimize their tax liability; the implication of this is that such taxpayers are knowingly trying to reduce their taxes, but they are not knowingly breaking the law. Allowable expenditure is an area of taxation law where the development of legal principles cannot be over emphasised as statutory provisions meant to control impermissible tax deduction may not cover all the schemes taxpayers and tax-lawyers (advisors) mechanically formulated for the purpose of tax benefit.This thesis addresses the issue of allowable expenditure in revenue law on which there are statutory provisions; it argues that in interpreting the statutes, the judiciary often comes up with legal principles relevant to this area of law. It is the development of these legal principles in relation to tax deduction of business expenses that the thesis evaluates, doing so from the perspective of common law jurisdictions.The concept of a loophole is an arresting proposition that illuminates revenue loss on the part of government, among other factors responsible for such loss. It hinders the tax authorities in carrying out their statutory duties of tax collections. In tax terminology, a loophole is defined as a technicality making it possible to circumvent the law's intent without violating the letter of the law; the thesis draws attention to the sophisticated schemes formulated by the taxpayers and their tax advisors to explore the loophole in the law for tax advantages. The thesis finds that the general consistency issue in impartiality of law requires that the…
  note: by Nafiu Olaitan Sarafadeen
  note: Thesis (Ph.D)--International Islamic University Malaysia, 2013.
  note: Includes bibliographical references (leaves 349-364).
  subject:
    geographic code: a-my---
  subject:
    topic: Income tax
    topic: Law and legislation
  classification: K4544
  identifier: http://studentrepo.iium.edu.my/handle/123456789/2015
  record info:
    record content source: UIAM
    record creation date: 130917
    language of cataloging:
      language term: eng