Abstract
<p>The aim of this paper is to offer an impression of the issues raised by the disclosure of companies’ tax information by supplying existing and historical viewpoints from the aspects of concepts, theory, constraints, benefits and measurements. We are concerned that full disclosure of organizations' tax information could result in firms weakening tax information, hampering tax enforcement, and maybe, in a weakened structure, disclosing private data that could give a competitive benefit to those organizations that are not requested to do such a disclosure. Hence, some studies do not underpin full disclosure. On the other hand, full tax disclosure could have numerous beneficial impacts. It might put pressure on regulators to develop the tax system and it might incite companies to oppose aggressive tax decrease strategies. We anticipate and expect interested parties to take into consideration the best practices of tax disclosure in implementing their future plans.</p>
Highlights
Introduction and BackgroundPomp (1993) claimed that the issue of state company tax disclosure was raised in 1987 by a staff study for New York State's Legislative Tax Study Commission
The aim of this paper is to offer an impression of the issues raised by the disclosure of companies’ tax information by supplying existing and historical viewpoints from the aspects of concepts, theory, constraints, benefits and measurements
Tax transparency through applying tax disclosure norms challenges the tax policy standards developed within this yard, whilst the interest for activists in non-governmental organizations challenges the institutional foundations of contemporary worldwide tax policy-making (Christians, 2013)
Summary
Pomp (1993) claimed that the issue of state company tax disclosure was raised in 1987 by a staff study for New York State's Legislative Tax Study Commission. Activists around the globe call on governments to request disclosure of information for public users from companies about what, what amount and where on the globe firms, multinational firms, pay taxes (Christians, 2013) Their point is to stir public thoughtfulness to the systemic under-taxation of multinational companies, to demonstrate that this is linked to the failure of development in developing countries, and to persuade law-makers that the public is curious in changing this model. In their mission for financial transparency through tax disclosure, activists are admitting themselves to an elite policy-making yard that has customarily been dominated by the political elites and seeking change. The fifth part of this paper reviews literature in the measurement of tax disclosure and, the last part is concluded
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
