The Russian Cohen doctrine: problems in calculating costs and deductions in the absence of proper documentation
Year: 2019
Type: article
Abstract: The article provides information about a foreign judicial doctrine (the Cohen Rule) that originated in the court case of 1930 with the participation of George Cohen, Broadway Theater manager and producer. The doctrine under consideration that is still valid in the US tax law does not exclude the application of the approximate amount of taxpayer’s expenses when calculating income taxes in the absence of documents verifying expenses. It is concluded that the domestic regulatory framework applies a similar approach that envisages a fixed deduction for individual entrepreneurs under Article 221 of the Tax Code. It is proposed to introduce a similar regulatory framework for corporate income tax.
Source: Actual Problems of Russian Law
Author: Zh. G. Popkova
Institution: Russian State University of Justice
Language: English
Topic: Taxation and Legal Issues
Subfield: Accounting
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W2947073408