Accounting for globalization: evaluating the potential effectiveness of country-by-country reporting

Wójcik, Dariusz

doi:10.1177/0263774x15612338

Cited by 28 publications

(17 citation statements)

References 25 publications

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“…This issue has been made more pressing in light of recent concerns about international profit shifting as a form of unacceptable tax avoidance. Wójcik (2015Wójcik ( , p. 1175 observes that the idea of country by country reporting emerged 'out of concerns of [civil society organisations] about corruption, corporate power and environmental sustainability'.…”

Section: Country By Country Reportingmentioning

confidence: 99%

Corporate tax avoidance: is tax transparency the solution?

Oats

Tuck

2019

Accounting and Business Research

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Corporate tax avoidance has been a matter of considerable public attention, particularly since the 2008 global financial crisis. The nature of calls for tax reform and increased regulation, advocated most prominently by tax activists and NGOs, has revolved around transparency as a possible corrective to unacceptable tax avoidance, although there is no consensus as to what the term tax avoidance encompasses and when it becomes unacceptable. We examine two responses to calls for increased transparency about the tax affairs of multinational entities: firstly, country by country reporting that provides information to tax authorities, and secondly the UK requirement for publication of tax strategies, whereby large companies put information into the public domain. We find considerable misunderstanding about the benefits of transparency in this setting. By failing to consider the limits of transparency initiatives there is a risk of dysfunctional consequences, for example additional costs in providing and processing additional information, the prospect of increased disputes as new information generates new misinterpretations and uncertainty in determining the final tax position. There is a risk that greater disclosure will not effectively address concerns about unacceptable corporate tax avoidance.

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Section: Country By Country Reportingmentioning

confidence: 99%

Corporate tax avoidance: is tax transparency the solution?

Oats

Tuck

2019

Accounting and Business Research

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“…The introduction of public country-by-country reporting for extractive sector companies listed in the EU and United States (Wójcik, 2015) was significant, if partial, success for the international civil society campaign launched in 2003 (Seabrooke & Wigan, 2015). Johannesen & Larsen (2016) found that country-bycountry reporting of tax payments is associated with significant decreases in value of firms in extractive industries, and they associate this effect of disclosure rules with a reduction of rents derived by firms from tax avoidance.…”

Section: Literaturementioning

confidence: 99%

A half-century of resistance to corporate disclosure

Cobham¹,

Jánský²,

Meinzer³

2019

Transnational Corporations

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As the complexity of transnational corporations (TNCs) grew in the post-war period, their effective degree of disclosure diverged from what is standardly expected of single-country firms. Country-by-country reporting is the key proposal to reestablish appropriate TNC disclosure, and ultimately TNC accountability -and as such, has been consistently resisted by many TNCs, professional services firms and some key headquarters countries in the Organisation for Economic Cooperation and Development. This paper charts two main waves of pressure for progress. The first, most visible from the late 1960s to the early 1980s, reflects the claims of the New International Economic Order and the rise of the G77 group of countries, while the second saw international civil society take a leading role. The current phase sees these two impulses combine and may finally deliver meaningful progress. The paper addresses both the political underpinnings and the developing technical component to the claims for deeper TNC disclosure, ultimately shaped into the pursuit of an international standard for public, country-by-country reporting -and the resistance to it. The paper also provides illustrative results based on the existing country-by-country reporting data for banks. It concludes with a discussion of the prospects for country-by-country reporting.

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“…Es así como Welford (2016) establece que los planes educativos en educación verde deben estar alineados desde la óptica constructivista que permita una educación que dé mayor importancia al contexto de aprendizaje que a la memorización. Esto permitirá fortalecer las habilidades, capacidades y las competencias de los estudiantes contables en materia ambiental (Wójcik, 2015).…”

Section: Resultsunclassified

Formación verde en los programas de Contaduría Pública de las universidades de Antioquia

et al. 2020

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La formación verde se convierte en una necesidad para todos los profesionales, por consiguiente, es preciso ampliar el enfoque de la enseñanza contable y abarcar conocimientos sociales y ambientales. La investigación se centró en analizar el contenido de la formación ambiental o verde en los programas de contaduría pública con respecto al contexto disciplinar actual. La metodología se fundamentó en un enfoque cuantitativo, con alcance descriptivo y método deductivo. Los resultados indican que 15 universidades de Antioquia contemplan la formación en contabilidad verde, donde el 69% de los contenidos impartidos son de carácter interdisciplinar y el 31% son disciplinares. Se concluye que la formación ambiental tiene mayor énfasis en materia interdisciplinar, como legislación ambiental, ecología y medio ambiente, contaminación ambiental, y gestión ambiental; olvidando los contenidos disciplinares que se constituyen como un pilar fundamental del principio generativo en la formación integral del estudiante de contaduría.

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Accounting for globalization: evaluating the potential effectiveness of country-by-country reporting

Cited by 28 publications

References 25 publications

Corporate tax avoidance: is tax transparency the solution?

Corporate tax avoidance: is tax transparency the solution?

A half-century of resistance to corporate disclosure

Formación verde en los programas de Contaduría Pública de las universidades de Antioquia

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