Comprehensive tax allocation definition
/What is a Comprehensive Tax Allocation?
Comprehensive tax allocation shows the net effect of taxation on income-generating transactions during a reporting period. This approach is used when someone wants to determine the approximate effect of taxation on a non-standard reporting period that does not match the fiscal year, such as from June of one year to May of the following year. The result is an estimated after-tax income figure for the designated period.
Terms Similar to Comprehensive Tax Allocation
A comprehensive tax allocation is also known as an interperiod tax allocation.