Transparency of Tax Accounting as a Tool for Implementing Corporate Social Responsibility
Year: 2025
Type: article
Abstract: The purpose of the article is to study the essence of tax accounting transparency as a component of corporate social responsibility (CSR), as well as to analyze its role in forming a positive image of the enterprise, increasing trust from stakeholders and ensuring sustainable development. The key aspects of corporate social responsibility (CSR) are revealed (ethical management, environmental responsibility, social initiatives, responsibility to employees). The components of the enterprise's tax policy are determined (objective calculation and conscientious payment of taxes, transparency of tax reporting, fair tax planning, impact on state tax policy, fiscal discipline). Their impact on the company's CSR policy is indicated. The requirements for transparent tax accounting at the enterprise are determined. The features of transparent tax reporting, which is formed in the accounting system (reliability, completeness, timeliness, openness, clarity) are revealed. It is emphasized that companies with effective internal control and open reporting have higher investment attractiveness. The Global Tax Transparency Concept, developed by PwC to assess the transparency of tax reporting, was also considered. It was noted that the transparency of tax accounting contributes to the formation of trust on the part of investors, partners, clients and the state. It was emphasized that responsible tax administration is part of the “G” aspect of the ESG approach and a factor in the company’s reputational capital. The directions for implementing the policy of honest tax accounting are outlined, in particular through internal audit, accounting automation, compliance and disclosure of information in sustainability reports. Practical measures are proposed to increase the transparency of tax accounting and reporting as a tool for implementing CSR, including the introduction of electronic accounting and tax registrars; automation of tax reporting through integrated ERP systems; regular internal audits of tax transactions; use of blockchain technologies to record tax transactions; training of personnel on tax accounting and reporting; clear documentation of tax transactions and storage of electronic copies.
Authors: Oksana Budko, Vitalii Meduzov
Institution: Dniprovsk State Technical University
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4411377568