n Tax Breaks Newsletter - Tax deductibility of computer software : is it really that simple? : deductions

Volume 2006, Issue 245
  • ISSN :



Extracted from text ... 4 June 2006 Moneyweb's TAX BREAKS DEDUCTIONS Tax deductibility of computer software: is it really that simple? ADAM Smith felt that there were four maxims with regards to taxes in general (Wealth of Nations - 1776). One of these maxims was that the tax that each individual is bound to pay, ought to be certain, and not arbitrary. This concept is still important more than 200 years later. The tax deductibility of computer software costs is an item that might be uncertain in some instances. Costs associated with acquiring or using computer software comprise an ever-increasing portion of the ..

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