Multinational Enterprises and Transparent Tax Reporting: 1st Edition (Hardback) book cover

Multinational Enterprises and Transparent Tax Reporting

1st Edition

By Alexandra Middleton, Jenni Muttonen

Routledge

152 pages | 16 B/W Illus.

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Hardback: 9780815372561
pub: 2020-01-28
Available for pre-order. Item will ship after 28th January 2020
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Description

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.

Table of Contents

1: Overview of the corporate social responsibility (CSR) and tax landscape 2. Defining Tax Transparency 3. Drivers and theories behind tax transparency 4. Current status of tax transparency in CSR reporting 5. Future of tax transparency

About the Authors

Alexandra Middleton is an Assistant Professor with a PhD in Financial Accounting from the University of Oulu, Finland. Her research interests include tax transparency, corporate social responsibility and sustainable business development in the Arctic.

Jenni Muttonen is an assurance professional working in financial and sustainability audits. She holds a Master of Science in Economics and Business Administration from the University of Oulu, Finland, and a Master of Arts in International Relations from the University of St Andrews, UK.

About the Series

Routledge Studies in Accounting

This series explores the roles of Accounting and Accounting theory in the modern world. The series examines research in accounting thought, practice, auditing, principles and ethics as well as international standards and regulation setting. Examining private, public and non-profit sectors, Routledge Studies in Accounting, seeks to advance the scholarly debate by providing cutting edge and insightful research

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Subject Categories

BISAC Subject Codes/Headings:
BUS001010
BUSINESS & ECONOMICS / Accounting / Financial
BUS008000
BUSINESS & ECONOMICS / Business Ethics
BUS010000
BUSINESS & ECONOMICS / Business Law
BUS027000
BUSINESS & ECONOMICS / Finance
BUS064000
BUSINESS & ECONOMICS / Taxation / General
BUS064020
BUSINESS & ECONOMICS / International / Taxation
BUS069000
BUSINESS & ECONOMICS / Economics / General
BUS104000
BUSINESS & ECONOMICS / Corporate Governance