Shining Light on Globalization: The Political Economy of Country-by-Country Reporting

Wójcik, Dariusz

doi:10.2139/ssrn.2163449

Cited by 7 publications

(5 citation statements)

References 34 publications

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“…With Canada and G8 endorsing the principles of CBCR, as well as continued pressure on the ISAB, the future progress of the idea may depend less on domestic support and opposition in the USA. The genie of CBCR may be out of the bottle (Wójcik, 2012). Finally, CBCR is a also a test for economic and social sciences.…”

Section: Discussionmentioning

confidence: 99%

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

Wójcik

2015

Environ Plann C Gov Policy

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The new European Union Accounting and Capital Requirements directives and the US Dodd-Frank Act include provisions on country-by-country reporting, which significantly improve the availability of geographical information on corporate activities. They are, however, a far cry from the idea of full country-by-country reporting, which involves the publication of simplified financial statements by companies for each country in which they operate. This paper outlines the trajectory of the political struggle for countryby-country reporting, and presents an exploratory analysis of potential effectiveness of different versions of country-by-country reporting in terms of policy objectives, the nature of information, as well as the behavior of users and disclosers. It argues that although partial country-by-country reporting offers benefits for the fight against corruption and the assessment of corporate reputational risks by investors and other stakeholders, full country-by-country reporting could offer a greater value to investors and other users, and make a change in disclosers' behavior more likely.

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Section: Discussionmentioning

confidence: 99%

“…Although the politics surrounding the evolution of CBCR is not the main focus of the paper (see Wójcik, 2012), in order to provide background and context for the analysis of potential policy effectiveness of CBCR, it is necessary to outline how CBCR emerged and evolved. Table 1 presents major milestones in the process.…”

Section: The Struggle For Cbcrmentioning

confidence: 99%

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

Wójcik

2015

Environ Plann C Gov Policy

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“…Specifically, documentation provides 'outsiders' (tax authorities, media, critical activists, and so on) with the ability to decipher and challenge corporate tax affairs (Christensen 2020). Perhaps more significantly, CBCR had long been pursued by critical activists (Lesage and Kacar 2013), who viewed it as a stepping stone towards a genuine paradigm shift in the regulation of global capitalism (Christians 2012;Murphy 2010;Wojcik 2012). Since the global financial crisis, activists have battled against the opposition of powerful professionals, succeeding at time with introductions of sectorspecific, minimalist CBCR rules (Baden and Wigan 2017).…”

Section: Background: the Base Erosion And Profit Shifting (Beps) Projectmentioning

confidence: 99%

Elite professionals in transnational tax governance

Christensen

2020

Global Networks

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Since the global financial crisis, international corporate taxation has risen to the top of the global political agenda, as political leaders have called for collective action to shore up corporate tax systems. However, high‐level political initiative alone does not create new international corporate tax rules. Rather, these transnational governance processes are centrally driven by elite tax professionals competing for prestige and influence. In this article, I investigate this competition in the case of one crucial post‐crisis reform – the OECD/G20 Base Erosion and Profit Shifting project. I argue that hierarchies of prestige and influence for elite professionals in transnational tax governance are based on strategic combinations of career resources in issue‐specific ‘linked ecologies'. In particular, I detail the expertise and network positioning of elite professionals, and discuss how these resources were mobilized in competitions for professional authority, which in turn shaped the transnational policy process. Evidence is drawn from qualitative interviews and career analysis.

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“…Wójcik noted the importance of the 'initiatives calling for improved transparency in the extractive industries, particularly with regard to payments between corporations and host governments,' behind the calls for that the tax justice movement started to advocate in this millennium, in particular the call for broad country-by-country reporting. 101 This rising awareness of the problems contributed to the increasing interest in good governance and transparency in the donor community, as demonstrated by the EITI initiative. This concurrent interest in more transparent management and increasing awareness of the problems caused by the resource curse created grounds for demands for increased transparency of the extractive industry revenues.…”

Section: The Tax Justice Movement and The (Re)emergence Of The Corporate Power Agendamentioning

confidence: 99%

Who’s to Blame for the Money Drain? Corporate Power and Corruption as Competing Narratives for Lost Resources

Ylönen¹

2019

Tax, Inequality, and Human Rights

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This chapter focuses on corporate power and corruption, providing context for current debates around responsibility for and the consequences of tax abuse. In addition to the already discussed problems of tax avoidance and tax evasion, the bargaining power of large corporations over smaller states is also an outcome of structural problems that discourage developing countries from collecting taxes needed for human development. Here, a key problem is international tax competition, or more accurately tax wars between nations. This international pressure pushes decision makers in developing countries to turn a blind eye to corporate wrongdoings and to offer tax breaks and other sweeteners to large enterprises in exchange for investments. Ultimately, what is needed are more comprehensive frameworks for analyzing the reasons behind the obstacles to domestic resource mobilization, which pay close attention to both public and private factors that prevent the fulfillment of social rights and development goals.

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Shining Light on Globalization: The Political Economy of Country-by-Country Reporting

Cited by 7 publications

References 34 publications

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

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

Elite professionals in transnational tax governance

Who’s to Blame for the Money Drain? Corporate Power and Corruption as Competing Narratives for Lost Resources

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