Tax disclosures: Is sunlight the best disinfectant?
Source: The Tax Specialist Journal Article
Published Date: 1 Apr 2019
It has been said that: Publicity is justly commended as a remedy for social and industrial diseases. Sunlight is said to be the best of disinfectants; electric light the most efficient policeman. The belief that greater transparency and public scrutiny will result in large corporate taxpayers paying their fair share of tax has been a key driver of increased tax disclosures in recent years. This article considers the range of additional disclosures that have been introduced either on a voluntary or compulsory basis in recent years. The article also analyses when disclosures should be made, to whom they should be made, and the impact of not disclosing information. In addition, the article considers how fairness should be measured and refers to published information concerning tax gaps and taxes paid. In light of these additional disclosures and using international data about tax, the article asks whether the increased disclosures have resulted in greater fairness.
Sorry, this is subscriber only content.
To gain access to this material and much more - Subscribe Now.
(Note: Members can access Taxation in Australia journal articles without a Tax Knowledge Exchange subscription - please log in to access).
Already a Subscriber? Login now
Already a Subscriber? Login now
Details
- Published By: Enzo Coia CTA, Lauren Jones, Anna Williams
- Published On:1 Apr 2019
The material is copyright. Apart any fair dealing for the purpose of private study, research criticism or review, as permitted under the copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.
The Tax Institute
(ABN 45 008 392 372 (PRV14016))
("TTI")
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
Copyright Statement
All materials provided on this site are protected by copyright and are owned by or licensed to TTI.
Except as expressly permitted by TTI or the copyright owner, any person or company who uses this site must not use, reproduce, redistribute, retransmit, publish or otherwise transfer, or commercially exploit, the materials or any information, software or other content, in whole or in part, which is available through this site.
Tags
Share this page