Advance Issues in Taxation : Theory and Practice

The existing books in the market on taxation focus mainly on personal and corporate taxes. Corporate Taxation again only deals with the single period business and ignores entirely other multi period or long-term projects like real estate, life insurance, and oil and gas companies. As a result, corporate taxation in the existing books remains only a fraction of corporate taxation. I have addressed some of these lapses. Secondly the existing books have not questioned the tax laws rather have accepted these without any evaluation. But many of the provisions of the various tax laws are faulty and need to be improved in the context of tax laws of other countries. Unlike other books I have included some planning and strategy matters on taxation for example how to predict marginal tax rate that is relevant for future long term projects, how to design a remuneration scheme beneficial for both the employers and employees. The book has twenty chapters including administration and governance, income of individuals, partnerships, and companies, VAT, customs, deferred tax, gift tax, capital gain, transfer pricing, and tax reform. The tax reform chapter gives some international aspects of taxation. The book will serve the purpose of tax policymakers and officials in addition to the students of taxation. Dr. Dhiman Chowdhury is a Professor of Accounting, Dhaka University. He also taught in Chittagong University; Sultan Qaboos University, Oman; University Sains Malaysia, Malaysia; Ritsumeikan Asia Pacific University, Japan; and TUI University, USA. His other books are Governance in Private and Public Sector; Knowledge, Interactions and Peace; Knowledge and Competitiveness; and Performance Related Pay.