The role of individual social responsibility and corporate social responsibility in the tax fraud war: A comparison between the priorities of Italian and Romanian consumers

Abstract

Corporate social responsibility (CSR) and fiscal responsibility have become a hot topic of debate in recent years. Many studies have investigated CSR and tax avoidance; however, such studies have overlooked countries' tax cultures and fiscal responsibility from a historical perspective and have not addressed how these elements affect current tax avoidance practices. Using a questionnaire, that was administered to a sample of Italian and Romanian respondents, and inferential techniques (Mann–Whitney‐test and correlation‐test) the paper tries to understand the aspects that be useful in the future development and implementation of more robust fiscal ISR and CSR processes. Our results reveal similarities and differences between the relevance of certain aspects between countries, identifying tax culture as a distinctive element from a geographical point of view. Despite the considerable differences, we found a strong demand for greater transparency of the company with administrations and communities and desire for the development of initiatives to spread a responsible tax culture.

Does Environmental, Social and Governance Have an Impact on Stock Performance? A Panel Study of Indian Companies

“…This need arises from various interested parties such as investors, customers, and regulatory authorities, all of whom are looking for more comprehensive and precise details regarding the financial operations, tax strategies, and overall societal influence of companies. Improved transparency in disclosures has the potential to foster trust, mitigate the likelihood of unethical conduct, and encourage responsibility (Paterson et al, 2023).…”