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The scope of taxation of income from illegal activities in selected common law jurisdictions

The taxation of income from illegal activities is well established in several common law jurisdictions. In the broader sense income or profits from a trade, profession or vocation irrespective of the issue of legality will be taxable. The courts have drawn a distinction between cases where normal in...

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Main Authors: Hingun, Mohsin, Nafiu, Olaitan S.
Format: Article
Language:English
Published: International Islamic University Malaysia 2015
Subjects:
K Law (General)
Online Access:http://irep.iium.edu.my/47948/1/Taxation_Illegal_Income_IIUM_LJ_Special_Issue_2015.pdf
http://irep.iium.edu.my/47948/
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spelling my.iium.irep.479482016-07-19T03:51:51Z http://irep.iium.edu.my/47948/ The scope of taxation of income from illegal activities in selected common law jurisdictions Hingun, Mohsin Nafiu, Olaitan S. K Law (General) The taxation of income from illegal activities is well established in several common law jurisdictions. In the broader sense income or profits from a trade, profession or vocation irrespective of the issue of legality will be taxable. The courts have drawn a distinction between cases where normal income producing activities become illegal due to non-compliance with licensing requirements or acting in contravention to a ban in trading on one hand and profits acquired as a result of the commission of systematic crimes such as burglary on the other hand. Income from the latter source is not taxable. The objective of this paper is to argue against such a distinction, to highlight the problems inherent in computing income from an illegal source and to examine the difficulties in formulating rules governing the deductibility of expenditures incurred in earning income from illegal activities International Islamic University Malaysia 2015 Article REM application/pdf en http://irep.iium.edu.my/47948/1/Taxation_Illegal_Income_IIUM_LJ_Special_Issue_2015.pdf Hingun, Mohsin and Nafiu, Olaitan S. (2015) The scope of taxation of income from illegal activities in selected common law jurisdictions. IIUM Law Journal, 23 (3). pp. 385-400. ISSN 0128-2530
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
topic K Law (General)
spellingShingle K Law (General)
Hingun, Mohsin
Nafiu, Olaitan S.
The scope of taxation of income from illegal activities in selected common law jurisdictions
description The taxation of income from illegal activities is well established in several common law jurisdictions. In the broader sense income or profits from a trade, profession or vocation irrespective of the issue of legality will be taxable. The courts have drawn a distinction between cases where normal income producing activities become illegal due to non-compliance with licensing requirements or acting in contravention to a ban in trading on one hand and profits acquired as a result of the commission of systematic crimes such as burglary on the other hand. Income from the latter source is not taxable. The objective of this paper is to argue against such a distinction, to highlight the problems inherent in computing income from an illegal source and to examine the difficulties in formulating rules governing the deductibility of expenditures incurred in earning income from illegal activities
format Article
author Hingun, Mohsin
Nafiu, Olaitan S.
author_facet Hingun, Mohsin
Nafiu, Olaitan S.
author_sort Hingun, Mohsin
title The scope of taxation of income from illegal activities in selected common law jurisdictions
title_short The scope of taxation of income from illegal activities in selected common law jurisdictions
title_full The scope of taxation of income from illegal activities in selected common law jurisdictions
title_fullStr The scope of taxation of income from illegal activities in selected common law jurisdictions
title_full_unstemmed The scope of taxation of income from illegal activities in selected common law jurisdictions
title_sort scope of taxation of income from illegal activities in selected common law jurisdictions
publisher International Islamic University Malaysia
publishDate 2015
url http://irep.iium.edu.my/47948/1/Taxation_Illegal_Income_IIUM_LJ_Special_Issue_2015.pdf
http://irep.iium.edu.my/47948/
_version_ 1643613284876681216
score 13.211869

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