Tax reforms and implications for international banks: The case of Cyprus

Roussakis, Emmanuel N.; Bisha, Ibrahim F.

doi:10.1108/14502190610750072

Cited by 2 publications

(2 citation statements)

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“…A tax system can be characterised as unfair, if obligations of wealthy and less privileged citizens are not differentiated according to each financial capabilities. Roussakis and Bisha (2006) mention the gravity of the removal of rigidities in areas which affect adversely the efficiency of public authorities, as for example the need for courts to speed up rulings. Furthermore, taxpayers could not comply with tax authorities' regulations when they consider the public services received as disproportionate regarding taxation (Kim, 2002; 277 Tax compliance Verboon and Van Dijke, 2007).…”

Section: Tax Compliance and Fairness Of The Tax Systemmentioning

confidence: 99%

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

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Tax compliance during fiscal depression periods: the case of Greece

Lois

Drogalas

Karagiorgos

et al. 2019

EMJB

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Purpose Governments count on tax revenues in order to finance their fiscal and social activities. The purpose of this paper is to analyse the citizens’ conception of tax compliance and examine the factors affecting tax behaviour. Design/methodology/approach This survey was conducted through a stratified sample and questionnaires consisted of closed-ended questions. A linear regression and a series of reliability tests including an analysis of variance were conducted with IBM Statistical Package for Social Sciences. Findings The majority of the respondents demonstrate a positive perspective towards tax compliance and tax administration employees that inspire it. However, while the fairness of the tax system is evident, findings indicate a deeper issue of social and behavioural influences, including the characteristics of tax administrative employees and tax morality. Research limitations/implications The findings are subject to over- or sub-representation, since the sample derived from groups whose occupations feature strong tax compliance. The study was conducted in Greece, and it is possible that the results can be generalised to developing countries with similar economic environments and fiscal circumstances. Practical implications Non-economic factors affect tax behaviour and the formation of modern tax strategies. This survey enables governments to improve tax compliance rates and increase tax revenues. Fiscal depression tends to decrease state revenues. Tax compliance factors should be taken into account through tax decision-making processes and ensure efficient tax collection. Originality/value This paper furthers the existent literature and deepens in non-economic factors of morality, revealing tax behaviours instigated by reasons beyond tax unfairness.

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Section: Tax Compliance and Fairness Of The Tax Systemmentioning

confidence: 99%

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

Tax compliance during fiscal depression periods: the case of Greece

Lois

Drogalas

Karagiorgos

et al. 2019

EMJB

View full text Add to dashboard Cite

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Internal audits in the digital era: opportunities risks and challenges

Lois

Drogalas

Karagiorgos

et al. 2020

EMJB

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PurposeThe aim of this study is to examine continuous auditing in the digital age from the perspective of audit firm employees. It also investigates contemporary factors affecting continuous auditing, as well as the techniques that could be utilised for its implementation.Design/methodology/approachInternal audit departments of private companies were contacted via email and given a questionnaire developed based on the extant literature. The sample consisted of 105 individuals employed in the largest audit institutions in Greece. Data were analysed using multiple regression.FindingsAs expected, technological advances are indispensable for the establishment of an effective digital auditing system. The impact of data protection measures against cyber-attacks as well as employees' skills and training were found to be significant. Particular attention should be given to the preparation and building of virtual auditing teams.Research limitations/implicationsThe fact that the digital era is still nascent with its final outcomes not yet visible makes it difficult to produce accurate predictions and draw conclusions. Further, there is a need to survey salient stakeholders in other country contexts beyond Greece pursuant of producing generalisable results.Practical implicationsThe actions taken by companies to ensure cyber security and the formation of virtual teams were found to be highly significant for the implementation of a real-time auditing process. Traditionally, factors such as cost and time play an important role in optimising internal continuous auditing. Technological advancements combined with careful, strategic and case-specific implementation have the potential to enhance the efficacy of older methods.Social implicationsThe positive propensity of staff to adopt technology and modern techniques illustrates how implementation difficulties can be overcome through the redefinition and scheduling of an organisation's objectives and training of its personnel.Originality/valueAudit firm employees highlighted the protection of personal data, the avoidance of cyber-attacks and training as major continuous internal auditing goals. The results indicate acceptance towards technology and modern techniques, provided companies ensure adequate preparation and staff training conditions.

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Tax reforms and implications for international banks: The case of Cyprus

Cited by 2 publications

References 1 publication

Tax compliance during fiscal depression periods: the case of Greece

Tax compliance during fiscal depression periods: the case of Greece

Internal audits in the digital era: opportunities risks and challenges

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