Download or read book Corporate Tax Disclosure written by Jeffrey L. Hoopes and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Policies that require, or recommend, disclosure of corporate tax information are becoming more common throughout the world, as are examples of tax-related information increasingly influencing public policy and perceptions. In addition, companies are increasing the voluntary provision of tax-related information. We describe those trends and place them within a taxonomy of public and private tax disclosure. We then review the academic literature on corporate tax disclosures and discuss what is known about their effects. One key takeaway is the paucity of evidence that many tax disclosures mandated with the aim of increasing tax revenue have produced additional revenue. We highlight many crucial unanswered questions, answers to which would inform future tax legislation and financial accounting rule making.
Download or read book Statistics of Income written by United States. Internal Revenue Service and published by . This book was released on 1973 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Failing Corporate Tax Transparency and the Immediate Need to Reduce Overburdening Duplicative Tax Reporting Requirements written by Ilya A. Lipin and published by . This book was released on 2014 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the last decade the Internal Revenue Service has promulgated multiple mandatory tax disclosure requirements for the corporate taxpayers. Mandatory disclosures of the Listed Transactions, Schedule M-3, and now Schedule UTP have resulted in duplicative reporting requirements. The same duplicative issue exists in additional forms that are electively filed by taxpayers or tax practitioners to avoid penalties. This duplicity creates uncertainty as to reporting procedure, unnecessarily increases compliance costs, and presents a novel tax issue that may lead to litigation of whether required information was properly disclosed. This article reports on an investigation of key current disclosure corporate tax requirements mandated by the Service, identifies duplicative reporting patterns, and proposes viable solutions which should decrease taxpayers' tax compliance costs while increasing transparency and efficiency of the compulsory tax disclosure reporting.
Download or read book Corporate Tax Disclosure written by Robert Tannenwald and published by . This book was released on 1993 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book EU Tax Disclosure Rules written by Haase, Florian and published by Edward Elgar Publishing. This book was released on 2021-08-27 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive, practical guide to the 6th amendment of Council Directive 2011/16/EU on administrative cooperation in the field of taxation (known as DAC6). Florian Haase offers insight and clarity into the mandatory reporting obligations imposed by DAC6 on intermediaries engaged in tax matters involving cross-border activities, and in some cases taxpayers themselves, as well as the characteristics or ‘hallmarks’ outlined in the Directive that trigger these obligations.
Download or read book Tax and Corporate Governance written by Wolfgang Schön and published by Springer Science & Business Media. This book was released on 2008-03-12 with total page 423 pages. Available in PDF, EPUB and Kindle. Book excerpt: Academic research shows that well-known principal-agent and capital market problems are strongly influenced by tax considerations. Against this background, this volume is the first to present a fully-fledged overview of the interdependence of tax and corporate governance. Not only the basic political, legal and economic questions but also major topics like income measurement, shareholding structures, corporate social responsibility and tax shelter disclosure are covered.
Download or read book Corporate Tax Disclosure written by Mahfoudh Hussein Mgammal and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers an overview of the issues raised from the disclosure of companies' tax information by reviewing current and historical literature associated with the concept of tax disclosure from different related fields. Opponents debated that more disclosure will expose sensitive tax information that is, in many situations, misunderstood, while supporters of more tax disclosure claimed that increase transparency will improve taxpayer compliance. Tax transparency appears as a reasonable milestone in the quest to authorize and understand the engines of prosperity and economic development throughout the universe.
Download or read book Source Book of Statistics of Income written by and published by . This book was released on 2003 with total page 622 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Multinational Enterprises and Transparent Tax Reporting written by Alexandra Middleton and published by Routledge. This book was released on 2020 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book examines tax transparency as part of multinational enterprises' corporate social responsibility. It considers revelations like the Panama and Paradise Papers that shed light on corporations' tax practices and the growing public dissatisfaction, resulting in legislative projects such as the OECD BEPS. Tax transparency is defined as companies' voluntary disclosure of numerical tax data (e.g., taxes paid by country) and other tax-related information (e.g., tax policies). It is set apart from tax avoidance and tax evasion to clarify the often blurred concepts. In this book, tax transparency is placed in a historical context and possible drivers and hindering factors to tax transparency are investigated. Tax transparency is discussed in the light of socio-economic theories (stakeholder, legitimacy, institutional theory and reputation risk management) as well as economic theories (agency theory, signalling, proprietary costs) and information overload theory. The book provides examples of tax transparency development of the largest multinational enterprises in five countries (France, Germany, UK, Finland and USA) in six years 2012-2017, a period featuring increased media coverage of tax matters and legislative movement in the OECD and the EU. The future of tax transparency is discussed in light of quality characteristics, assurance of information and potential use of AI (artificial intelligence). Companies' managers, tax and CSR specialists benefit from the book by gaining insight on how to design transparent, high-quality tax reporting. Assurance professionals can use information on quality criteria of tax transparency. Regulators can track historical development and see examples of voluntary tax transparency in companies' reporting. Scholars and students obtain theoretical framework for analysing the tax transparency phenomenon and the ability to distinguish between the concepts of tax transparency, planning, avoidance and evasion"--
Download or read book Tax Administration IRS Should Expand Financial Disclosure Requirements written by United States. General Accounting Office and published by . This book was released on 1992 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Fiscal year Reporting for Corporate Income Tax written by William Leonard Crum and published by . This book was released on 1956 with total page 458 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Corporate Tax Shelters written by United States. Congress. Senate. Committee on Finance and published by . This book was released on 2002 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Advances in Taxation written by John Hasseldine and published by Emerald Group Publishing. This book was released on 2020-10-19 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume presents studies from expert contributors exploring topics such as: corporate tax planning, tax-related accounting misstatements and uncertain tax positions, financial statement readability, the tax effects of a major pension scheme change, and non-professional investor and taxpayer judgments and perceptions.
Download or read book United States Code written by United States and published by . This book was released on 2013 with total page 1506 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The United States Code is the official codification of the general and permanent laws of the United States of America. The Code was first published in 1926, and a new edition of the code has been published every six years since 1934. The 2012 edition of the Code incorporates laws enacted through the One Hundred Twelfth Congress, Second Session, the last of which was signed by the President on January 15, 2013. It does not include laws of the One Hundred Thirteenth Congress, First Session, enacted between January 2, 2013, the date it convened, and January 15, 2013. By statutory authority this edition may be cited "U.S.C. 2012 ed." As adopted in 1926, the Code established prima facie the general and permanent laws of the United States. The underlying statutes reprinted in the Code remained in effect and controlled over the Code in case of any discrepancy. In 1947, Congress began enacting individual titles of the Code into positive law. When a title is enacted into positive law, the underlying statutes are repealed and the title then becomes legal evidence of the law. Currently, 26 of the 51 titles in the Code have been so enacted. These are identified in the table of titles near the beginning of each volume. The Law Revision Counsel of the House of Representatives continues to prepare legislation pursuant to 2 U.S.C. 285b to enact the remainder of the Code, on a title-by-title basis, into positive law. The 2012 edition of the Code was prepared and published under the supervision of Ralph V. Seep, Law Revision Counsel. Grateful acknowledgment is made of the contributions by all who helped in this work, particularly the staffs of the Office of the Law Revision Counsel and the Government Printing Office"--Preface.
Download or read book Corporate Tax Transparency Reporting and Benford s Law written by E. Morton and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Corporate tax transparency reporting came about due to persistent concern surrounding corporations paying their "fair share" of tax, tax avoidance or minimisation behaviour, and opportunistic earnings management. However, concern has been raised over the reasonableness of what appears to be a simple disclosure regime. This study examines the reasonableness of the tax transparency disclosures utilising the Benford's law phenomenon. The 2014-15 corporate tax transparency report is analysed for potential abnormal digit frequencies by comparing Benford's distribution against the observed frequencies for total income, taxable income and tax payable. Total income presents significant variation to Benford's distribution for the first digit position, while taxable income and tax payable are considered Benford's sets. Although the total income deviation can be explained by censorship contaminating frequencies, the findings for taxable income and tax payable indicate a very low level of error, bias or fraudulent reporting and provide somewhat compelling evidence towards the regime's reasonableness. These findings indicate a disconnectedness between total income and both taxable income and tax payable. As such, the conversation returns to the concern raised over the disparity between the accounting and taxation systems and raises the need for further consideration of the regime's limited scope in terms of what is, and what is not, captured.
Download or read book Tax Disclosure for Corporations written by Anders Sparholt Jorgensen and published by . This book was released on 2013 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Public disclosure of corporate tax returns written by Mark P. Keightley and published by . This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
