The Yale Law Journal

Celia Whitaker

Note

Bridging the Book-Tax Accounting Gap

Celia Whitaker

115 Yale L.J. 680 (2005)

The book-tax accounting gap allows corporations to minimize their earnings for tax purposes while maximizing them in reports to investors, all within the letter of the law. Although the U.S. Treasury has reported the rising divergence between book and taxable income with alar…