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| Author: | Lindberg, D.L. |
| Title: | The use of barter hampers implementation of International Accounting Standards and contributes to finanacial woes in the Russian federation |
| Journal: | Russian and East European Finance and Trade
2002 : MAY-JUN, VOL. 38:3, p. 5-17 |
| Index terms: | ACCOUNTING STANDARDS INTERNATIONAL ACCOUNTING OIL INDUSTRY TAXATION RUSSIA |
| Language: | eng |
| Abstract: | This paper argues that the use of barter in Russia is expected to continue indefinitely, hampering implementation of IAS, for at least three reasons: 1) barter transactions are deeply ingrained in the Russian culture, 2) oil and gas enterprises in the Russian Federation provide a social infrastructure where barter plays a crucial role, and 3) the chaotic tax system effectively encourages barter. |
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