Inflation accounting (correcting) for Taxing Law and analysis

Inflation is continual increase of the general price level and it abradesthe purchase force of the money. Because of this, it causes to meaninglessof the financial tables. Because of this negative effect of inflation, TheInternational Accounting Standards Board (IASB) prepeared the InternationalAccounting Standarts 29 (IAS 29). This standard aims that remove thenegative effects of inflation on the financial tables. The European Unionwants from the member and candidate countries to harmonious theiraccounting standarts to IAS 29. In addition to this, taxpayers claimed thatthey pays more taxes because of inflation and inflation accounting isnecessary for the tax justice.The result of this demands, a draft law about inflation accounting,which is based on the general price level accounting as IAS 29, hasprepeared and became a law as numbered 5024. In this study, the lawnumbered 5024, which directed to remove of inflation negattive effects on taxessesstment, eveluated and analyzed as the effect of the tax essesstmentand tax justice. In this respect, the inflation correction (inflation accounting)was brought into force by law numbered as 5024 was compared with theother standarts, legal arrengements and old partial arragements which aimsto remove the negative effects of inflation on the tax essesstment.