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Centre for Commercial Law Studies

Financial Accounts as a Basis For Taxation: to Conform or Diverge?

When: Friday, June 16, 2023, 3:00 PM - 6:00 PM
Where: Room 3.1, Centre for Commercial Law Studies, Queen Mary University of London, 67-69 Lincoln's Inn Fields, London, England, WC2A


Historically the relationship between tax and book profits has ranged, in theory, from complete alignment in some jurisdictions to total dependence in others. In reality, most jurisdictions have always had some divergence from these extreme positions and now most tax systems have a hybrid approach. Pressure for the use of a common base for international tax purposes, including Pillar II, has raised this issue to prominence, although it has always been significant at a national level. How straightforward is the book-tax relationship likely to be going forward?

Judith Freedman is Emeritus Professor of Taxation Law and Policy at the University of Oxford. From 2001-2019 she was the inaugural statutory Professor of Taxation Law at Oxford University Law Faculty and one of the founders of the Oxford University Centre for Business Taxation Centre. She has written extensively on various topics, including small business taxation, tax and accounting, tax avoidance and tax policy making. She was a member of the UK’s Aaronson General Anti-Avoidance Rule Study Group and has served on many other policy committees and on the e Board of the UK Office of Tax Simplification. She is a member of the Council of the UK Institute for Fiscal Studies (IFS) and is Chair of the IFS Tax Law Review Committee. Judith is general editor of the British Tax Review as well as being on the editorial boards of several other journals She has been awarded a CBE for her services to tax research, appointed as an Honorary Fellow of the Chartered Institute of Taxation and elected a Fellow of the British Academy.

Professor Glen Loutzenhiser, BComm (Sask), LLB (Toronto), LLM (Cantab), MA (Oxon), DPhil (Oxon) is Professor of Tax Law, Faculty of Law, University of Oxford and Tutorial Fellow in Law of St Hugh's College, University of Oxford. He teaches undergraduate courses on EU Law and Taxation Law and teaches on the taught graduate Business Taxation in a Global Economy course. He is also a director and teacher on the Oxford part-time MSc in Taxation degree. Glen is Assistant Editor of the British Tax Review and sole editor of the taxation volumes of Halsbury’s Laws of England and Wales and also Tiley’s Revenue Law (Hart Publishing)- a leading UK tax law textbook. His research interests include wealth taxes and the taxation of corporations, small businesses, employees, and the family.

Only Professor Judith Freedman presented at this event, but the paper in discussion has been co-written with Professor Glen Loutzenhiser.

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