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Tax Base


For an asset, it is the amount (on an entity’s books) that is attributed to it for tax purposes. Likewise, for a liability, it is the amount attributed to it for tax purposes. In other words, it is an asset’s or liability’s recorded amount that is subject to taxation (under a country’s taxation regime).

For more, see: tax base of an asset, tax base of a liability.



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Accounting is the language of business, everywhere, worldwide. It is the means by which virtually every business communicates information about its operations, irrespective of size, scale, objectives, ...
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