Tax expenditure reporting: towards a more transparent government budget

• Main Authors: Yussof, Salwa Hana, Kasipillai, Jeyapalan
• Format: Conference or Workshop Item
• Language: English; English
• Published: 2015
• Subjects: HJ2005 Income and expenditure. The budget; HJ2240 Revenue. Taxation; HJ7451 Expenditures. Government spending
• Online Access: 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; http://irep.iium.edu.my/47394/; http://www.iium.edu.my/conference/iium-international-accounting-conference-intac-vi

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...