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| Author: | Stoianoff, N.P. Kaidonis, M.A. |
| Title: | Rehabilitation of mining sites: do taxation and accounting systems legitimise the privileged or serve the community? |
| Journal: | Critical perspectives on accounting
2005 : JAN, VOL. 16:1, p. 47-59 |
| Index terms: | Accounting standards Taxation Mining industry Australia |
| Language: | eng |
| Abstract: | This paper explores both accounting (henceforth as: acc.) standards (here as: acc.-std./acc.-stdt.) and the taxation (here as: tax.) provisions with respect to the treatment of rehabilitation costs of mining entities in Australia. A special tax deduction is allowed only for expenditure actually incurred, yet the acc.-std. provides a different calculative practice for the representation of the same event. With the example inconsistencies are demonstrated existing btw. acc. and tax and although the acc. for income taxes standard accounts for the differences, it is argued this merely legitimatizes them. It is challenged that this false consciousness assuming these inconsistencies are merely incidental and point out that these two systems, of tax and acc., implicitly sustain and reinforce each other. These institutional practices perpetuate the privileges, powers and impact of the mining industry, whilst claiming to serve the community as a whole. |
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