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March 18, 2026The Accounting Review

An--Investment--Recovery--First Concept of Taxable Profit.

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Authors

ACA. B. CarsonUniversity of California, Los Angeles

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Implication

Proposes a new method for calculating taxable profit based on investment recovery, suggesting potential tax equity benefits.

Key Points

  • The aim is to evaluate a novel concept of taxable profit that prioritizes investment recovery over traditional accounting principles.
  • Analysis of existing accounting principles and their weaknesses regarding business income.
  • Proposal of an investment-recovery-first approach to measuring profit for tax purposes.
  • Discussion on the implications of this new method on equity in taxation.
  • Identified significant weaknesses in traditional accounting principles affecting taxable profit.
  • Proposed a method that could enhance equity in taxation and mitigate investor risks.
  • Suggested potential macroeconomic benefits from adopting the new approach.

Cite This Study

A. B. Carson (1951) studied this question.

synapsesocial.com/papers/69ba42dc4e9516ffd37a3931https://doi.org/10.2308/tar-7075356
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Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1ACCOUNTING PRINCIPLES AND TAXABLE INCOME.1962
  2. 2SHOULD WE DISCARD THE INCOME CONCEPT?1962
  3. 3A CASE AGAINST THE IDEA OF AN ALL--PURPOSE CONCEPT OF BUSINESS INCOME.1954
  4. 4THE INVESTMENT CREDIT, 'DEFERRED INCOME TAXES' AND ACCOUNTING MEASUREMENT.1964
  5. 5WHAT IS PROFIT?1928