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on Accounting and Auditing |
By: | Vanhala, Mikko; Viertola, Marika |
Abstract: | In this paper, we describe the evolution of effective tax rates (ETR) of Finnish corporate groups and firms over time. Using detailed corporate tax return data from 2000-2015, we document a decreasing time trend in effective tax rates, particularly for Finnish-owned multinational enterprises. We do not observe a significant decreasing trend for domestic firms, consistent with a broad tax base and limited means of tax avoidance. Complementing our results with unconditional quantile regression, we also observe heterogeneity in the time trend across the ETR distribution. Finally, we link multinational enterprises to their foreign subsidiaries and find that multinationals with tax haven subsidiaries report zero taxable profits more often than non-haven affiliated ones. Our results show that the financial crisis had a lasting legacy on Finnish firms, creating large loss carry-forwards that were deduced in the following years. |
Keywords: | effective tax rate, tax avoidance, corporate taxation, Business taxation and regulation, H25, H26, fi=Verotus|sv=Beskattning|en=Taxation|, |
Date: | 2025 |
URL: | https://d.repec.org/n?u=RePEc:fer:wpaper:174 |
By: | Koerniawan, Koenta Adji (Telkom University at Bandung, Indonesia) |
Abstract: | The empirical fact that is currently happening is that EMKM and BUMDES entrepreneurs in the Ciganitri area do not understand what and how financial reports are presented according to standards. The implication is that they cannot give financial reports, so the financial position of the business cannot be determined accurately, as a result, the assessment of financial performance fails, and tax reporting cannot be determined precisely. Increasing competence in financial accounting through training and mentoring is an urgent solution. This activity was attended by 25 participants from various EMKM and BUMDES business units. This abdimas aims to help EMKM and BUMDES entities understand basic finance and introduce the use of the Si Apik and SIABDES accounting applications for preparing financial reports according to EMKM financial accounting standards (SAK). The methods used in Community Service include problem identification, field surveys, training, post-training assistance, and assessments, to measure the achievement of community service outcomes. The results obtained show an increase in the understanding of the Community Service participants. They are starting to be interested in applying the Si Apik accounting application or SIABDES for the purpose of presenting financial reports according to standards so that their obligations in realizing transparency and accountability can be helped to be realized. |
Date: | 2023–11–19 |
URL: | https://d.repec.org/n?u=RePEc:osf:osfxxx:p8fna_v1 |
By: | Carmela Nitti (University of Florence); Marco Bellucci (University of Florence); Pierluigi Terenzi (University of Florence); Giacomo Manetti (University of Florence) |
Abstract: | This study examines the management and accountability practices employed by the Opera di Santa Maria del Fiore (OSMF) during the construction of Florence Cathedral between 1353 and 1382. Based on an analysis of 530 provisions recorded in the OSMF’s historical archives, the research investigates voluntary reporting practices and stakeholder engagement, offering new insights into the governance of hybrid organisations in the Middle Ages. The OSMF, funded by public resources, balanced the pressures of political and religious authorities through transparency and participatory decision-making. The analysis highlights three key aspects: (i) the role of stakeholders involved as advisors in the management of the construction site; (ii) the adoption of early forms of workplace welfare, such as loans, injury compensations, and wine distributions; (iii) the evolution of accounting practices in response to institutional and socio-economic pressures. Applying stakeholder-agency theory, institutional theory, and legitimacy theory, the study demonstrates that the OSMF’s reporting was not merely an administrative tool but also a means of securing social and political legitimacy. The findings contribute to accounting history and enhance our understanding of governance dynamics in complex environments. Furthermore, comparisons with contemporary accountability practices in public and hybrid organizations reveal interesting parallels and offer valuable lessons for modern management. |
Keywords: | Accounting history, accountability, Middle Ages, reporting, welfare, stakeholder engagement, Florence |
JEL: | M40 M41 N33 |
Date: | 2025 |
URL: | https://d.repec.org/n?u=RePEc:frz:wpmmos:wp2025_01.rdf |
By: | Subhayu Bandyopadhyay; Sugata Marjit; Santiago Pinto; Marcel Thum |
Abstract: | We investigate the delicate balance policymakers have to strike between raising tax revenues for public good provision and controlling the distortionary effects of taxes on (i) tax evasion, (ii) total work hours, and (iii) the allocation of work hours to illegal activities. These distortions lower the constrained optimal tax rate and result in the under-provision of the public good. This under-provision problem is mitigated when surplus from the audit agency is seamlessly transferred to the taxing authorities. Extensions of the basic model incorporate agent heterogeneity and a more general specification of the concealment cost function for infringements. |
Keywords: | taxation; evasion; compliance; illicit activities; public goods; externalities |
JEL: | H2 H4 K10 |
Date: | 2025–03–19 |
URL: | https://d.repec.org/n?u=RePEc:fip:fedlwp:99706 |
By: | Sri Hari Nayudu A. (National Institute of Public Finance and Policy); Chakraborty, Lekha (National Institute of Public Finance and Policy) |
Abstract: | Against the backdrop of Public Finance Management (PFM) reforms, we analyse the issues related to budgetary processes and fiscal transparency issues in India, at the national and subnational levels of government in India. The fiscal codes are built on the premise that fiscal transparency is crucial for financial stability, and the information asymmetries are a significant cause of financial-fiscal failures. The study identified various data gaps in the budgetary preparation and dissemination processes, and the need for the revised fiscal rules, and a comprehensive accounting and reporting processes. These inferences have policy implications for the recently constituted 16th Finance Commission. We suggest that constituting a Fiscal Council can improve fiscal transparency, efficiency and consistency. |
Keywords: | Budget Systems ; Fiscal Transparency ; public expenditure management ; fiscal rules |
JEL: | M4 E6 E62 H50 H61 H70 H71 H72 H76 |
Date: | 2025–03 |
URL: | https://d.repec.org/n?u=RePEc:npf:wpaper:25/424 |
By: | Mr. Irving Aw; Brendan Crowley; Mr. Cory Hillier; Rose A Nyongesa; Ms. Lydia E Sofrona; Mr. Christophe J Waerzeggers |
Abstract: | Fair and effective tax collection is critical to the success of any tax system in raising revenue and should be properly legislated. Voluntary payment of taxes by taxpayers is always preferred and should be encouraged and supported by the tax procedure legal framework. However, the law should also provide for protective measures to prevent taxpayers from frustrating tax collection efforts by taking either themselves or their assets out of the tax administration’s reach. As a last resort, the tax administration should be able to compel the recovery of outstanding tax debts from taxpayers or certain third parties through different legislative measures. Such powers should however be complemented by adequate safeguards for taxpayers. This note focuses on the key issues that should be taken into consideration in designing tax law provisions to support fair and effective tax collection. |
Keywords: | Tax Collection; Legislation; Protective Measures; Compelled Recovery; Tax Liens; Installment Arrangements; Crisis Events; clearance mechanism; penalties regime; tax procedure; tax law provision; clearance certificate; tax rulings regime; IT system; Tax administration core functions; Tax arrears management; Tax law; Collateral |
Date: | 2025–03–18 |
URL: | https://d.repec.org/n?u=RePEc:imf:imftlt:2025/001 |
By: | Lorie Logan |
Abstract: | Dallas Fed President Lorie K. Logan delivered these remarks at the Bank of England Agenda for Research Conference in London. |
Keywords: | central banks |
Date: | 2025–02–25 |
URL: | https://d.repec.org/n?u=RePEc:fip:feddsp:99652 |