CFO Techniques pp 279-284 | Cite as

Tax and Regulations Compliance

  • Marina Guzik


In his letter to Jean-Baptiste Leroy (November 13, 1789), Renaissance man and Founding Father Benjamin Franklin, with his characteristic wry wit, formulated one of the undeniable truths of human existence: “In this world nothing can be said to be certain, except death and taxes.” Ever since the Egyptians introduced the biennial tax over 5,000 years ago, rulers and governments have been collecting a variety of levies from their subjects and citizens, generating income that sustains the state. Originally, people conducting any sort of business paid appropriate dues as individual taxpayers. The concept of the corporation as an entity that can survive its individual members and thus maintain a going concern indefinitely was formulated in ancient Rome. Since those times, such enterprises have been considered legitimate taxpayers.


Regulation Compliance Business Taxation Taxation Information Individual Taxpayer Undeniable Truth 
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© Marina Guzik 2011

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  • Marina Guzik

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