Episode Details
Back to EpisodesTax Short - The Pros and Cons of Taxing GAAP (the Amazon Tax)
Season 1
Episode 12
Published 4 years, 6 months ago
Description
Scott explains why companies have two separate accounting systems, one for reporting income to shareholders (GAAP), and one for reporting income to the IRS. He describes some pros and cons to taxing GAAP, as has been proposed by Joe Biden, Elizabeth Warren, and others.