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Ethical Tax Corporate Governance of State‐owned Enterprises
Author(s) -
Hauptman Lidija,
Belak Jernej
Publication year - 2014
Publication title -
systems research and behavioral science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.371
H-Index - 45
eISSN - 1099-1743
pISSN - 1092-7026
DOI - 10.1002/sres.2258
Subject(s) - corporate governance , corporate social responsibility , accounting , business ethics , business , state owned , state (computer science) , tax planning , tax avoidance , public relations , economics , double taxation , finance , market economy , political science , algorithm , computer science
European Union no longer considers social responsibility (defined as responsibility for one's influences over society) a private affair of companies but requires member states to promote social responsibility and be its role model. Taxes may belong in this model, so do state‐owned enterprises (SOEs). Given the importance of SOEs and recognizing the different practices of (tax) corporate governance, the article focuses on two objectives: firstly, the importance of the impact of the enterprise's key stakeholders in the business ethics planning, and secondly, the role of planning and implementation of tax accounting that will foster enterprises' long‐term development and success based on the enterprise's ethical behavior. The article argues and suggests the ways in which business ethics and tax accounting could helpfully develop Ethical Tax Corporate Governance of SOEs. Copyright © 2014 John Wiley & Sons, Ltd.