The interaction of tax and corporate governance forms an emerging issue both in business and administrative practice and in academic research. International organisations (OECD, EC) have begun to explore the effects corporate governance rules exert on the tax policy of large business; governments try to employ corporate and securities law as a means to further their fiscal interest. Academic research shows that well-known principal-agent and capital market problems are strongly influenced by tax considerations. Against this background, this volume is the first to present a fully-fledged overview of the interdependence of tax and corporate governance. Not only the basic political, legal and economic questions but also major topics like income measurement, shareholding structures, corporate social responsibility and tax shelter disclosure are covered extensively by leading authors.
Author(s): Dave Hartnett CB (auth.), Professor Dr. Wolfgang Schön (eds.)
Series: MPI Studies on Intellectual Property, Competition and Tax Law 3
Edition: 1
Publisher: Springer-Verlag Berlin Heidelberg
Year: 2008
Language: English
Pages: 425
Tags: Financial Law/Fiscal Law; Commercial Law; Accounting/Auditing; International & Foreign Law/Comparative Law; Business Taxation; Law and Economics
Front Matter....Pages I-XV
Front Matter....Pages 1-1
The Link between Taxation and Corporate Governance....Pages 3-8
Good Corporate Governance: The Tax Dimension....Pages 9-12
Tax and Corporate Governance: An Economic Approach....Pages 13-30
Tax and Corporate Governance: A Legal Approach....Pages 31-61
Report on the Discussion....Pages 63-67
Front Matter....Pages 69-69
Financial and Tax Accounting: Transparency and “Truth”....Pages 71-92
Taxation, Accounting and Transparency: The Interaction of Financial and Tax Accounting....Pages 93-100
Taxation, Accounting and Transparency: The Missing Trinity of Corporate Life....Pages 101-110
Tax and the Separation of Ownership and Control....Pages 111-161
Tax and the Separation of Ownership and Control — Comment on the paper by Steven Bank and Brian R. Cheffins....Pages 163-170
Tax and the Separation of Ownership and Control — Comment on the paper by Steven Bank and Brian R. Cheffins....Pages 171-176
Report on the Discussion....Pages 177-179
Front Matter....Pages 181-181
Corporate Social Responsibility and Strategic Tax Behavior....Pages 183-198
Corporate Social Responsibility and Strategic Tax Behavior — Comment on the paper by Reuven S. Avi-Yonah....Pages 199-203
Tax Risk Management and Board Responsibility....Pages 205-220
Report on the Discussion....Pages 221-225
Front Matter....Pages 227-227
Disclosure and Civil Penalty Rules in the U.S. Legal Response to Corporate Tax Shelters....Pages 229-255
Disclosure and Civil Penalty Rules in the U.S. Legal Response to Corporate Tax Shelters — Comment on the paper by Daniel Shaviro....Pages 257-260
Tax Shelter Disclosure and Civil Penalty Rules — Comment on the paper by Daniel Shaviro....Pages 261-263
Opinion Standards for Tax Practitioners Under U.S. Department of the Treasury Circular 230....Pages 265-275
Front Matter....Pages 227-227
Opinion Standards for Tax Practitioners Under U.S. Department of the Treasury Circular 230 — Comment on the paper by Michael J. Desmond....Pages 277-282
Opinion Standards for Tax Practitioners Under U.S. Department of the Treasury Circular 230 — Comment on the paper by Michael J. Desmond....Pages 283-287
Shelters, Schemes, and Abusive Transactions: Why Today’s Thoughtful U.S. Tax Advisors Should Tell Their Clients to “Just Say No”....Pages 289-350
Report on the Discussion....Pages 351-353
Front Matter....Pages 355-355
Taxation and Corporate Governance — The State of the Art....Pages 357-425
