Tax transparency, tax avoidance and stakeholder education
Keywords:
Sustainable development, tax transparency, stakeholders’ education, tax avoidanceAbstract
Tax transparency is slowly becoming a new norm. In our article, we made an attempt to look at tax transparency as a tool to combat tax avoidance from the social-historical perspective. We concluded that although there are many developments in the field of tax transparency to raise public awareness and introduce voluntary and mandatory public disclosures for multinational companies, stakeholders’ formal education on the matter is needed to help achieve better results. Social contract theory and the social cost of tax avoidance should be the necessary parts of such education.
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