nep-acc New Economics Papers
on Accounting and Auditing
Issue of 2021‒07‒26
four papers chosen by

  1. The Role of a Tax Legal Specialist within South African Revenue Service during initiation of Tax Audits By Masehela, Kgabo Freddy; Costa, King
  2. People’s Republic of China–Hong Kong Special Administrative Region: Financial Sector Assessment Program-Technical Note-Banking Sector: Supervision and Regulation By International Monetary Fund
  3. PENGARUH PAJAK PERTAMBAHAN NILAI (PPN) DAN PAJAK PENJUALAN ATAS BARANG MEWAH (PPNBM) TERHADAP DAYA BELI KONSUMEN PADA KENDARAAN BERMOTOR RODA DUA (Suatu Penelitian Pada Dealer Yamaha Armada Pagora Jaya Bandung Tulungagung) By ; adi, Ajeng yuliandri putri; sari, Sinta Era ardian lupita
  4. The rates matter! Assessing the credibility of international corporate tax rate harmonization via cooperative game theory By Alexandre Chirat; Guillaume Sekli

  1. By: Masehela, Kgabo Freddy; Costa, King (Global Centre for Academic Research)
    Abstract: The problem of tax compliance and tax evasion continually results in a plethora of impediments for tax regulators in South Africa and globally. An alarming number of corporate governance scandals always have an element of tax compliance issues in them. The state of unresolved SARS Audit cases, costly litigations and prolonged arbitration from the tax Ombudsman is an issue of concern and subject of this study. This is further exacerbated by technicalities emanating from legal perspectives, statutory dimensions, and regulatory frameworks. It is for this reason that this seeks to answer the question “What is the role of a tax legal specialist within SARS during initiation of tax audits?” A comprehensive literature analysis, hinged upon mapping review, which is a typology of systematic methodology was conducted to respond to the above-mentioned research question. Mapping reviews are useful when researchers seek to understand literature on a particular phenomenon which might provide a basis for further investigation. The inclusion/exclusion criteria required articles to be between 2014 and 2020 and were supposed to be focused on tax evasion, tax avoidance and current means to combat these classified fraud activities. This resulted in 10 studies included as part of the review. Analysis followed thematic approaches using the COSTA QDA Technique on webQDA cloud-computing software. The study found out that effectiveness and efficiency tax audits was handicapped by lack of competent tax legal audit specialist.
    Date: 2021–07–15
  2. By: International Monetary Fund
    Abstract: Banking supervision and regulation by the Hong Kong Monetary Authority (HKMA) remain strong. This assessment confirms the 2014 Basel Core Principles assessment that the HKMA achieves a high level of compliance with the BCPs. The Basel III framework (and related guidance) and domestic and cross-border cooperation arrangements are firmly in place. The HKMA actively contributes to the development and implementation of relevant international standards. Updating their risk based supervisory approach helped the HKMA optimize supervisory resources. The HKMA’s highly experienced supervisory staff is a key driver to achieving one of the most sophisticated levels of supervision and regulation observed in Asia and beyond.
    Keywords: People's republic of china-Hong kong special administrative region; B. banking sector structure; holding company; China banking; People's Republic of China-Hong Kong Special Administrative Region FSAP; Bank supervision; Artificial intelligence; Commercial banks; Basel Core Principles; Bank soundness; Global; Central Asia; Asia and Pacific;External audit
    Date: 2021–06–15
  3. By: ; adi, Ajeng yuliandri putri; sari, Sinta Era ardian lupita
    Abstract: This artcle aims to determine the effectiveness of policies or tax laws that exist in preventing and combating the transfer pricing practices of multinational companies on a case by Armada Yamaha Pagora Jaya and tax privileges granted to importers to increase acceptance of import value-added tax (VAT) taxable goods. In conducting this study, the authors use the method of normative juridical approach. Toyota suspected of ‹playing› with a related party transaction prices and adds to costs through royalty payments are not fair. Thousands of car production Toyota Motor Manufacturing Indonesia exported overseas with reasonable prices. This mode is thought to be the transfer pricing strategy. Therefore diadakanlah Advance Pricing Agreement (APA), which is useful for reducing the practice of transfer pricing by multinational companies. Facilities that are likely to be enjoyed by employers taxable imports taxable goods is the tax payable is free and exempt from valueadded tax (VAT).
    Date: 2021–06–28
  4. By: Alexandre Chirat (Université Paris Ouest Nanterre - EconomiX); Guillaume Sekli (CRESE EA3190, Univ. Bourgogne Franche-Comté, F-25000 Besançon, France)
    Abstract: This article uses the main tools of cooperative game theory, the core of a game and the Shapley value, to tackle the challenge posed by corporate tax harmonization in order to fight profit shifting. More specifically, these tools are applied to provide a counterfactual evaluation and to assess the credibility of Saez and Zucman (2019) proposal to establish a minimum rate at 25% at the G7/G20 level. Based on the empirical data of Tørsløv et al. (2020), our main results are the following. First, at the G7 level, the more countries involved in the agreement, the more efficient it would be. Second, stability of cooperation at the G7 level can be achieved without giving up fairness consideration in the distribution of the surplus. We then extend our application to the G20 and show that these results do not hold anymore. Third, from this case, we conclude that not only the target rate matters in the perspective of international tax cooperation, but also the numbers of participants and their current effective rates.
    Keywords: International taxation, Tax cooperation, Profit shifting, Tax havens, Shapley value
    JEL: E62 C71 F42
    Date: 2021–07

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