Accounting and Taxation

Rachunkowość i podatki

Table of contents

Accounting and Taxation at WSB-NLU »
Definitions and quotes »

⇑Accounting and Taxation at WSB-NLU

Language: Polish Studies in Polish

Subject area: economy and administration

University website: www.wsb-nlu.edu.pl/en

⇑Definitions and quotes

Accounting

Accounting or accountancy is the measurement, processing, and communication of financial information about economic entities such as businesses and corporations. The modern field was established by the Italian mathematician Luca Pacioli in 1494. Accounting, which has been called the "language of business", measures the results of an organization's economic activities and conveys this information to a variety of users, including investors, creditors, management, and regulators. Practitioners of accounting are known as accountants. The terms "accounting" and "financial reporting" are often used as synonyms.

Wikipedia

Taxation

Governments create nothing and have nothing to give but what they have first taken away — you may put money in the pockets of one set of Englishmen, but it will be money taken from the pockets of another set of Englishmen, and the greater part will be spilled on the way. Every vote given for Protection is a vote to give Governments the right of robbing Peter to pay Paul and charging the public a handsome commission on the job.

Winston Churchill, “Why I am a Free Trader,” Chapter I in T.W. Stead’s journal Coming Men on Coming Questions (April 13, 1905), bottom p. 9.

Wikiquote

Taxation

World War II was . . . responsible for considerable changes in the U.S. federal income tax. Not only were rates increased, but the base was extended to cover most of the working population. Even as late as 1939, only 6 percent of U.S. citizens had to file an income tax return; by 1945 this had increased to over 70 percent . . . By 1945 the major features of the current federal tax system were in place.

Susan B. Hansen, The Politics of Taxation: Revenue Without Representation, New York: NY, Praeger (1983) p. 86.

Wikiquote

Taxation

Civil servants and priests, soldiers and ballet-dancers, schoolmasters and police constables, Greek museums and Gothic steeples, civil list and services list—the common seed within which all these fabulous beings slumber in embryo is taxation.

Karl Marx, Moralizing Criticism and Critical Morality (1847).

Wikiquote