MBA Taxation Notes

Can you give me information for the notes of MBA Texation fundamentals :

[Pathak]

Here I am providing you notes for the Tax fundamentals FOR Mba students:

Ten Policies Underlying the Federal Income Tax System
1. The definition of income is influenced by the need to raise revenue.
2. The income tax law can serve as a mechanism to influence certain types of activities and to
discourage others.
3. Income should be measured on a worldwide basis.
4. Recognition of gain and/or loss should be deferred in certain types of transactions.
5. Design of the tax law must consider administrative convenience and certain equitable principles.
6. In some situations it may be appropriate to use the time value of money concept to measure
taxable income.
7. Changes in financial and other types of transactions may lead to changes in the tax law.
8. The federal tax law should distinguish between capital and ordinary income and losses.
9. To administer the income tax certain types of information are needed in addition to the details of
taxable income.
10. Procedures and penalties are needed to ensure proper compliance.

For the complete details I am attaching a PDF file with it ..

MBA Taxation Notes