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Business Profits, Tax and Accounts

John Cullinane, Tax Partner, Deloitte, in the first of two articles on this topic, asks what the relationship should be between business profits, tax and the accounts

 
John Cullinane Tax Partner Deloitte in the first of two articles on this topic asks what the relationship should be between business profits tax and the accounts
 
This article grew out of a debate with Paul Morton Head of Group Tax at Reed Elsevier Group plc on the arguments for and against the alignment of business profits tax and accounts. Below I put forward my thoughts on the matter and Paul replies in a separate article in this issue.
Defining the question?
 
Profit is an accounting...

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