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/ http://irep.iium.edu.my/47948/1/Taxation_Illegal_Income_IIUM_LJ_Special_Issue_2015.pdf

id	iium-47948
recordtype	eprints
spelling	iium-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 PeerReviewed 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
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
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/ http://irep.iium.edu.my/47948/1/Taxation_Illegal_Income_IIUM_LJ_Special_Issue_2015.pdf
first_indexed	2023-09-18T21:08:09Z
last_indexed	2023-09-18T21:08:09Z
_version_	1777411071999475712

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

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