The relationship between accounting and taxation in Norway
The financial accounting regulations in Norway have not been motivated by corporate income taxation. Nevertheless, historically there has been a close relationship between financial accounting and income taxation. As a general taxation rule, the reported financial income has been the basis for the computation of the taxable income. This has made financial reporting sensitive to tax considerations. Stricter financial accounting requirements and an innovation in the financial reporting format in the mid-1970s gradually decreased tax-induced financial reporting. The promulgation of a larger number of specific and standardized tax rules in 1992 made the computation of taxable income less dependent on accounting income. The Tax Reform in 1992 also initiated a requirement in the accounting legislation to recognize deferred taxes in financial statements.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 5 (1996)
Issue (Month): 1 ()
|Contact details of provider:|| Web page: http://www.tandfonline.com/REAR20|
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/REAR20|
When requesting a correction, please mention this item's handle: RePEc:taf:euract:v:5:y:1996:i:1:p:835-844. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty)
If references are entirely missing, you can add them using this form.