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...
| Main Authors: | , |
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| Format: | Proceeding Paper |
| Language: | English English |
| Published: |
2015
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| Subjects: | |
| Online Access: | 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 |
| _version_ | 1848783137889320960 |
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| author | Yussof, Salwa Hana Kasipillai, Jeyapalan |
| author_facet | Yussof, Salwa Hana Kasipillai, Jeyapalan |
| author_sort | Yussof, Salwa Hana |
| building | IIUM Repository |
| collection | Online Access |
| 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. |
| first_indexed | 2025-11-14T16:16:35Z |
| format | Proceeding Paper |
| id | iium-47394 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English English |
| last_indexed | 2025-11-14T16:16:35Z |
| publishDate | 2015 |
| recordtype | eprints |
| repository_type | Digital Repository |
| 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 Proceeding Paper 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 |
| 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 |
| title | 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_short | Tax expenditure reporting: towards a more transparent government budget |
| title_sort | tax expenditure reporting: towards a more transparent government budget |
| topic | HJ2005 Income and expenditure. The budget HJ2240 Revenue. Taxation HJ7451 Expenditures. Government spending |
| 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 |