Search results
Results From The WOW.Com Content Network
Thus the left side gives GDP by the income method, and the right side gives GDP by the expenditure method. The GDP is given on the bottom line of both sides of the report. GDP must have the same value on both sides of the account. This is because income and expenditure are defined in a way that forces them to be equal (see accounting identity ...
Extractives and Regulated Financial Services are excluded. Tax base determination: The relevant measure of profit or loss of the in-scope MNE will be determined by reference to financial accounting income, with a small number of adjustments. Losses will be carried forward.
GDP is the mean (average) wealth rather than median (middle-point) wealth. Countries with a skewed income distribution may have a relatively high per-capita GDP while the majority of its citizens have a relatively low level of income, due to concentration of wealth in the hands of a small fraction of the population. See Gini coefficient.
As GDP is tied closely to the national accounts system, [19] this may lead to a distorted view of national accounts. Because national accounts are widely used by governmental policy-makers in implementing controllable economic agendas, [ 20 ] some analysts have advocated for either a change in the makeup of national accounts or adjustments in ...
In UNSNA, "implicit (imputed) rents" on land owned by the enterprise and the "implicit (imputed) interest" chargeable on the use of the enterprise's own funds are excluded from operating surplus. Operating surplus also excludes property incomes considered to be unrelated to value-adding production.
Thus, even although rents must be paid out of the gross revenue of producing enterprises, they are to a large extent excluded from value-added and GDP. This may be consistent from the point of view of the definition of value-added used, but will provide a misleading view of economic activity and gross profit income, if in fact the proportion of ...
For major shareholders (over 5%) there is a different tax scheme, based on the actual dividend (in addition to the profit tax paid by the company). In Norway dividends are taxed as capital gains, at a flat 31.7% tax rate. However a "shelter deduction" is applied to the dividend income to compensate for the lost interest income.
The gross national income (GNI), previously known as gross national product (GNP), is the total amount of factor incomes earned by the residents of a country. It is equal to gross domestic product (GDP), plus factor incomes received from non-resident by residents, minus factor income paid by residents to non-resident.