JEFMS Journal

ABSTRACT:

The payment of taxes determined on the actual income generated by companies is one of the topics debated for a long time in all countries. Each country has its tax and civil law, so it is impossible to make apodictic statements on the subject as everything depends on the regulations mentioned above. However, the Italian example is exciting because, in the writer's opinion, the evolution of the two sets of rules has covered every possible solution to the relationship between civil and tax legislation. In the following pages, however, we will point out that not everything depends on this relationship. The personal will of the person drawing up the balance sheet has a considerable influence on the issues dealt with in this article. In the following pages, we will see how the personal will of the preparer of the balance sheet acts and how the inter-relationship between tax law and financial reporting law affects the possibility of paying taxes on the income actually produced by the company

KEYWORDS:

Taxes, tax evasion, taxes and financial reporting, incorrect balance sheet or profit and loss items incorrectly included in financial reporting, calculation of taxes on income not produced by companies or on a value lower than the latter.

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