scholarly journals Role of the corporate tax planning in the activity of business entities

2019 ◽  
Vol 94 (2) ◽  
pp. 95-108
Author(s):  
O.O. Nepochatenko ◽  
◽  
P.K. Bechko ◽  
L.V. Barabash ◽  
◽  
...  
Keyword(s):  
Tax Planning ◽  
Corporate Tax ◽  
Business Entities

scholarly journals Research on the Role of Tax Planning in Preventing Corporate Tax Risks

2020 ◽  
Vol 4 (4) ◽  
pp. 156
Author(s):  
Yuting Guo ◽  
Qiuping Ouyang ◽  
Min Peng
Keyword(s):  
Business Process ◽  
Tax Planning ◽  
Business Development ◽  
Tax Burden ◽  
Corporate Tax ◽  
Laws And Regulations

<p>Paying taxes according to laws and regulations in the process of business development is an obligation of companies. It is a vital task for companies to reduce tax burden by reasonably applying laws, regulations and policies, which requires tax planning. This article explores the relevant contents of corporate tax planning and tax risks. Firstly, it briefly expounds tax risks and tax planning, then analyzes the causes of tax risks. Finally, the measures are put forward to avoid tax risks in the business process affecting the development of companies.</p>

The Role of Auditors, Non-Auditors, and Internal Tax Departments in Corporate Tax Aggressiveness

2015 ◽  
Vol 91 (1) ◽  
pp. 179-205 ◽  
Author(s):  
Kenneth J. Klassen ◽  
Petro Lisowsky ◽  
Devan Mescall
Keyword(s):  
Tax Compliance ◽  
Tax Planning ◽  
Internal Revenue Service ◽  
Corporate Tax ◽  
Tax Aggressiveness ◽  
Big 4 ◽  
Confidential Data ◽  
Tax Preparer ◽  
Tax Returns

ABSTRACT Using confidential data from the Internal Revenue Service on who signs a corporation's tax return, we investigate whether the party primarily responsible for the tax compliance function of the firm—the auditor, an external non-auditor, or the internal tax department—is related to the corporation's tax aggressiveness. We report three key findings: (1) firms preparing their own tax returns or hiring a non-auditor claim more aggressive tax positions than firms using their auditor as the tax preparer; (2) auditor-provided tax services are related to tax aggressiveness even after considering tax preparer identity, which supports and extends prior research using tax fees as a proxy for tax planning; and (3) Big 4 tax preparers, in particular, are linked to less tax aggressiveness when they are the auditor than when they are not the auditor. Our findings help policymakers and researchers better understand an important feature of tax compliance intermediaries; particularly, how the dual role via audits is related to observable corporate tax outcomes.

scholarly journals Strategic responses in corporate tax planning using opportunity areas

2021 ◽  
pp. 31-43
Author(s):  
Mykola Bondar ◽  
Oksana Portna ◽  
Natalia Iershova Iershova
Keyword(s):  
Positive Relationship ◽  
Planning Process ◽  
Tax Planning ◽  
Strategic Responses ◽  
Corporate Tax ◽  
Corporate Planning ◽  
Eu Member States ◽  
Tax Management ◽  
A Company

Using sampling for companies from EU member states and Ukraine, we find a significant and positive relationship between the company size and the amount of corporate taxes. We use questionnaires to determine the role of corporations in expanding the scope of tax management and discover an increased effect of corporate planning. Moreover, we offer a model of corporate tax planning considering the opportunity areas. This model determines the taxation framework for a company. We have developed a map to determine the degree of effective tax planning for a company. Finally, we use the functional-activity model of the tax planning process to substantiate the conclusion that the responsibility of the participants in such a process stipulates good business reputation. In general, our results suggest that corporate tax planning is an effective way to optimize tax liabilities.

scholarly journals The role and significance of tax planning in corporate tax optimization

2020 ◽  
pp. 147-152
Author(s):  
S. K. Barysheva ◽  
A. Zh. Dossayeva
Keyword(s):  
Tax Planning ◽  
Corporate Tax ◽  
Tax Legislation ◽  
Financial Condition ◽  
Tax Reduction ◽  
The Republic ◽  
Business Entities ◽  
Tax Reporting ◽  
Tax Structures

The relevance of the article is determined by the fact that tax planning contributes to the optimization of taxes and payments in accordance with the Tax code of the Republic of Kazakhstan. Optimization of tax liabilities is a set of measures of economic entities aimed at reducing taxes and fees using benefits and provisions in accordance with the Tax code of the Republic of Kazakhstan. Tax planning is aimed at solving such tasks as increasing profitability and reducing tax liabilities. By disclosing accounting documents and tax reporting for tax structures, companies aim to optimize taxes and fees. For this purpose, business entities use tax planning, which provides for tax reduction based on the use of benefits in accordance with tax legislation. In general, optimization is any action aimed at improving the overall state. In the tax part, optimization involves combining tax indicators and improving the calculation of tax liabilities and the financial condition of enterprises based on them. One of the tools for optimizing taxes and fees, as well as tax planning, is the development of tax accounting policies. The tax policy discloses all the features of the company's taxes, as well as provides for the disclosure of tax documentation. The article also reveals the types of tax planning as strategic and tactical. Strategic tax planning is developed to optimize taxes and fees for the long term. Developing a plan for the current reporting period for specific types of taxes and fees means a set of tactical tax planning measures. In summary, it should be noted that the main goal of tax planning is to optimize tax liabilities and improve the efficiency of enterprises.

Helga Havalot: A Case in Corporate Tax Planning

2001 ◽  
Vol 16 (2) ◽  
pp. 273-289
Author(s):  
Mark E. Reid
Keyword(s):  
Tax Planning ◽  
Professional Services ◽  
Corporate Tax ◽  
Accounting Firm ◽  
Sole Proprietorship

In this case, you are asked to take on the role of a tax professional in a modern professional services (i.e., accounting) firm. Your boss has asked you to develop a plan of incorporation for one of your clients, who has decided to switch from a sole proprietorship to a C corporation. The client has four assets that would be transferred to the corporation: cash, equipment, building, and land. You must determine how to transfer the assets to the corporation, as well as other matters (how much salary the corporation should pay the client, etc.), keeping in mind that the goal is to maximize the client's after-tax return by minimizing the client's tax liability.

scholarly journals Responsible Investment: Taxes and Paradoxes

2017 ◽  
Vol 2017 (1) ◽  
pp. 135-150 ◽  
Author(s):  
Reijo Knuutinen ◽  
Matleena Pietiläinen
Keyword(s):  
Inverse Relationship ◽  
Tax Planning ◽  
Corporate Tax ◽  
Bottom Line ◽  
Responsible Investment ◽  
Reputation Risk ◽  
Sustainable And Responsible Investment ◽  
Corporate Social ◽  
The Relationship

Abstract Taxes have become an issue of corporate social responsibility (CSR), but the role of taxation is to some extent an ambiguous and controversial issue in the CSR framework. Similarly, another unclear question is what role investors who are committed to sustainable and responsible investment (SRI) see taxes as having on their environmental, social, and governance (ESG) agenda. Corporate taxes have an inverse relationship with the return of the investors: taxes paid directly affect what is left on the bottom line, reducing the return of investors. However, investors are now more aware of tax-related risks, which can include different forms of reputation risk. Corporate tax planning may increase the returns, but those increased returns are riskier. This study focuses particularly on the relationship between SRI and taxation. We find that tax matters are considered to be on the ESG agenda, but their role and significance in the ESG analysis is unclear.

Assessing the size of agricultural holdings

2020 ◽  
pp. 105-116
Author(s):  
N. I. Shagaida
Keyword(s):  
Russian Federation ◽  
Vertical Integration ◽  
Total Revenue ◽  
Large Share ◽  
State Support ◽  
The Russian Federation ◽  
Agricultural Organizations ◽  
Business Entities ◽  
To Receive

The article clarifies the concept of “agricultural holding”, using an approach to assessing the size on the basis of the total revenue of all agricultural organizations within the agricultural holding. It has been revealed that only 100 of the total number of agricultural holdings that were identified can be attributed to large business entities. They comprise about 3% of agricultural organizations in the country, while their share in the proceeds is about 37%. A large share of agricultural holdings — large business subjects under the control of Russian entities operate in one, and under the control of foreign legal entities — in three or more regions of the Russian Federation. Vertical integration within the framework of large agricultural holdings with different schemes for including the stages of processing and sale of products produced in their agricultural organizations allows them to receive advantages. Strengthening the role of large business entities in agriculture puts on the agenda the issue of differentiating approaches to taxation and state support in agriculture, depending on the size of the companies’ agricultural businesses.

Peran kepemilikan institusional, perencanaan pajak dan dewan komisaris asing terhadap nilai perusahaan

2019 ◽  
Vol 8 (2) ◽  
Author(s):  
Anita Ade Rahma ◽  
Lisa Nabawi ◽  
Ronni Andri Wijaya
Keyword(s):  
Significant Influence ◽  
Firm Value ◽  
Stock Exchange ◽  
Investment Decisions ◽  
Total Sample ◽  
Tax Planning ◽  
Purposive Sampling ◽  
Institutional Leadership ◽  
Company Value

The purpose of this study is to analyze the role of institutional leadership, tax planning and foreign board of commissioners on firm value. The population in this study were 615 companies listed on the Indonesia Stock Exchange in 2015-2017. The sample was chosen using purposive sampling to get a total sample of 325 companies with a total of 975 observations of company data. The results of this study indicate that institutional leadership and tax planning have no role in increasing company value. While the foreign board of commissioners showed a significant influence on the value of the company. This proves that there is a need for diversity in the structure of the board that can trigger an increase in the value of the company. In addition, the presence of a foreign board is needed for the progress of the companyKeywords: Investment decisions; funding decisions; dividend policy; company value

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