The scope of taxation of income from illegal activities in selected common law jurisdictions
The taxation of income from illegal activities is well established in several common law jurisdictions. In the broader sense income or profits from a trade, profession or vocation irrespective of the issue of legality will be taxable. The courts have drawn a distinction between cases where normal in...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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International Islamic University Malaysia
2015
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| Online Access: | http://irep.iium.edu.my/47948/ http://irep.iium.edu.my/47948/1/Taxation_Illegal_Income_IIUM_LJ_Special_Issue_2015.pdf |
| _version_ | 1848783225816612864 |
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| author | Hingun, Mohsin Nafiu, Olaitan S. |
| author_facet | Hingun, Mohsin Nafiu, Olaitan S. |
| author_sort | Hingun, Mohsin |
| building | IIUM Repository |
| collection | Online Access |
| description | The taxation of income from illegal activities is well established in several common law jurisdictions. In the broader sense income or profits from a trade, profession or vocation irrespective of the issue of legality will be taxable. The courts have drawn a distinction between cases where normal income producing activities become illegal due to non-compliance with licensing requirements or acting in contravention to a ban in trading on one hand and profits acquired as a result of the commission of systematic crimes such as burglary on the other hand. Income from the latter source is not taxable. The objective of this paper is to argue against such a distinction, to highlight the problems inherent in computing income from an illegal source and to examine the difficulties in formulating rules governing the deductibility of expenditures incurred in earning income from illegal activities |
| first_indexed | 2025-11-14T16:17:59Z |
| format | Article |
| id | iium-47948 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T16:17:59Z |
| publishDate | 2015 |
| publisher | International Islamic University Malaysia |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-479482024-12-19T07:47:19Z http://irep.iium.edu.my/47948/ The scope of taxation of income from illegal activities in selected common law jurisdictions Hingun, Mohsin Nafiu, Olaitan S. K Law (General) The taxation of income from illegal activities is well established in several common law jurisdictions. In the broader sense income or profits from a trade, profession or vocation irrespective of the issue of legality will be taxable. The courts have drawn a distinction between cases where normal income producing activities become illegal due to non-compliance with licensing requirements or acting in contravention to a ban in trading on one hand and profits acquired as a result of the commission of systematic crimes such as burglary on the other hand. Income from the latter source is not taxable. The objective of this paper is to argue against such a distinction, to highlight the problems inherent in computing income from an illegal source and to examine the difficulties in formulating rules governing the deductibility of expenditures incurred in earning income from illegal activities International Islamic University Malaysia 2015 Article PeerReviewed application/pdf en http://irep.iium.edu.my/47948/1/Taxation_Illegal_Income_IIUM_LJ_Special_Issue_2015.pdf Hingun, Mohsin and Nafiu, Olaitan S. (2015) The scope of taxation of income from illegal activities in selected common law jurisdictions. IIUM Law Journal, 23 (3). pp. 385-400. ISSN 0128-2530 |
| spellingShingle | K Law (General) Hingun, Mohsin Nafiu, Olaitan S. The scope of taxation of income from illegal activities in selected common law jurisdictions |
| title | The scope of taxation of income from illegal activities in selected common law jurisdictions |
| title_full | The scope of taxation of income from illegal activities in selected common law jurisdictions |
| title_fullStr | The scope of taxation of income from illegal activities in selected common law jurisdictions |
| title_full_unstemmed | The scope of taxation of income from illegal activities in selected common law jurisdictions |
| title_short | The scope of taxation of income from illegal activities in selected common law jurisdictions |
| title_sort | scope of taxation of income from illegal activities in selected common law jurisdictions |
| topic | K Law (General) |
| url | http://irep.iium.edu.my/47948/ http://irep.iium.edu.my/47948/1/Taxation_Illegal_Income_IIUM_LJ_Special_Issue_2015.pdf |