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Tax and financial accounting rules

Question 1) Do you agree with the fact that financial accounting differs from income tax accounting? What are the benefits of having different treatments for financial accounting and income tax accounting? What might the benefits be to having tax and financial accounting rules and regulations mirror one another?

Question 2) Do you agree with the policy to use income tax rules and regulation as a mean to social and /or economic growth?

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Accounting Basics: Tax and financial accounting rules

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