Though the
conservatism principle is one the basic principles that must be followed in accounting, it brings a lot of enlightenment
to taxation. First, the determination of a reasonable level of tax burden cannot be made without considering the
situation of our country. It is a fact that China's level of tax burden is lower than the average level of the developed countries and developing countries. However, China's situation is special; China is an agricultural country and our GDP includes considerable anount of untaxed value of product, etc. Therefore, the particular situation of China must be taken into account when determining the macro level of tax burden. Second, the determination of the taxable income should not be made on the accrual accounting basis for it might cause payment of tax by diverting the capital fund and thus adversely influence the operation of the enterprise. Third, Taxation should not be based on anticipating one's income, which will bring about serious consequences to the development of the national economy and the work of taxation.bution and avoidability of singular points in gimbal space will be the main focus in the future. Subject Term Control moment gyro Kinematic singularity Review