Sustainable Tax and Accounting Reporting in Building a New Tax Culture

A special issue of Journal of Risk and Financial Management (ISSN 1911-8074). This special issue belongs to the section "Sustainability and Finance".

Deadline for manuscript submissions: closed (1 May 2025) | Viewed by 34954

Special Issue Editors


E-Mail Website
Guest Editor
Faculty of Economics and Business, University of Maribor, 2000 Maribor, Slovenia
Interests: accounting; tax accounting; financial accounting and reporting; financial analysis; management accounting; auditing; tax corporate governance

E-Mail Website
Guest Editor
Faculty of Economics and Business, University of Zagreb, 10000 Zagreb, Croatia
Interests: accounting; international accounting; ifrs; state audit; state audit institutions

Special Issue Information

Dear Colleagues,

The Sustainable Development Goals will be achieved through the improved mobilization of tax revenues and the transformation of tax culture among taxpayers (both institutional and individuals). Taxpayers are exposed to an increasing complexity of regulations and policies, new technologies, and new reporting demands from international organizations, which exert pressure on them to transparently report, affecting the strategy and implementation of tax compliance. It is expected that greater transparency and fairness in the global taxation system, which must be sustainable oriented, will be achieved through numerous tax and accounting reporting standards that have been adopted recently by various international professional institutions. Companies are required to adhere to tax laws and also have a duty to their stakeholders and communities to fulfill the expectations of effective tax governance. Meanwhile, for individual taxpayers, new mechanisms are being established to promote tax-sustainable behaviour. This Special Issue 'Sustainable Tax and Accounting Reporting in Building a New Tax Culture' is interested in the ideas presented in the following keywords.

Dr. Lidija Hauptman
Dr. Ivana Pavić
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Journal of Risk and Financial Management is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • sustainable tax systems
  • sustainability reporting
  • sustainable accounting reporting
  • ISSB standards and reporting
  • tax transparency standards
  • common reporting standard (CRS)
  • GRI 207
  • country-by-country reporting
  • tax audit
  • tax aggressiveness
  • tax compliance
  • tax strategy and tax governance
  • sustainability tax strategy
  • tax frameworks
  • tax risk management
  • sustainable tax behaviour
  • tax culture

Benefits of Publishing in a Special Issue

  • Ease of navigation: Grouping papers by topic helps scholars navigate broad scope journals more efficiently.
  • Greater discoverability: Special Issues support the reach and impact of scientific research. Articles in Special Issues are more discoverable and cited more frequently.
  • Expansion of research network: Special Issues facilitate connections among authors, fostering scientific collaborations.
  • External promotion: Articles in Special Issues are often promoted through the journal's social media, increasing their visibility.
  • e-Book format: Special Issues with more than 10 articles can be published as dedicated e-books, ensuring wide and rapid dissemination.

Further information on MDPI's Special Issue policies can be found here.

Published Papers (9 papers)

Order results
Result details
Select all
Export citation of selected articles as:

Research

19 pages, 263 KiB  
Article
Determinants of Tax Decisions in Jordan: Income and Sales Auditor Perspective
by Sajed Al-Khleifat, Yousef Abu Siam, Mahmoud Nassar and Mohammed Haroun Sharairi
J. Risk Financial Manag. 2024, 17(12), 579; https://doi.org/10.3390/jrfm17120579 - 23 Dec 2024
Viewed by 751
Abstract
This study examines the factors influencing tax decision-making from the perspectives of income and sales auditors in Jordan. It explores how internal and external factors shape auditing processes and compliance. Using a sample of 215 tax auditors from 2018 to 2022, this study [...] Read more.
This study examines the factors influencing tax decision-making from the perspectives of income and sales auditors in Jordan. It explores how internal and external factors shape auditing processes and compliance. Using a sample of 215 tax auditors from 2018 to 2022, this study adopts a quantitative methodology and collects data through structured surveys. The findings highlight key variables such as auditor independence, professional experience, and taxpayer knowledge as significant factors influencing tax decisions. The study recommends enhancing auditor training, fostering independence, and improving taxpayer education to promote transparency and fairness in tax systems. Full article
20 pages, 1490 KiB  
Article
The Predictive Grey Forecasting Approach for Measuring Tax Collection
by Pitresh Kaushik, Mohsen Brahmi, Shubham Kakran and Pooja Kansra
J. Risk Financial Manag. 2024, 17(12), 558; https://doi.org/10.3390/jrfm17120558 - 13 Dec 2024
Cited by 2 | Viewed by 1237
Abstract
Taxation serves as a vital lifeline for government revenue, directly contributing to national development and the welfare of its citizens. Ensuring the efficiency and effectiveness of the tax collection process is essential for maintaining a sustainable economic framework. This study investigates (a) trends [...] Read more.
Taxation serves as a vital lifeline for government revenue, directly contributing to national development and the welfare of its citizens. Ensuring the efficiency and effectiveness of the tax collection process is essential for maintaining a sustainable economic framework. This study investigates (a) trends and patterns of direct tax collection, (b) the cost of tax collection, (c) the proportion of direct tax in total tax collection, and (d) the tax-to-GDP ratio in India. By utilizing a novel grey forecasting model (GM (1,1)), this study attempted to predict the future trends of India’s direct tax collections, through which it aims to provide a concurrent and accurate future outlook on tax revenue, ensuring resources are optimally allocated for the country’s growth. Results revealed that direct tax collection has consistently increased in the past two decades, and the proportion of direct tax in total tax has also improved significantly. On the contrary, the cost of tax collection has decreased regularly, indicating the efficiency of tax collection. Forecasting shows that the collection from direct tax is expected to reach INR 30.67 trillion in 2029–30, constituting around 54.41% of the total tax, leaving behind collections from indirect tax at a total of INR 25.70 trillion. Such findings offer insights that could enhance revenue management strategies with policy decisions relevant to economists, government, and other stakeholders to understand trends and the efficiency of direct tax collection in India. Full article
Show Figures

Figure 1

24 pages, 4901 KiB  
Article
Compliance Behavior in Environmental Tax Policy
by Suci Lestari Hakam, Agus Rahayu, Lili Adi Wibowo, Lazuardi Imani Hakam, Muhamad Adhi Nugroho and Siti Sarah Fuadi
J. Risk Financial Manag. 2024, 17(12), 542; https://doi.org/10.3390/jrfm17120542 - 29 Nov 2024
Viewed by 1660
Abstract
This study examines compliance behavior in the context of environmental tax policies, highlighting the essential role that these policies play in achieving the objectives of the Sustainable Development Goals (SDGs). Environmental taxes are crucial instruments for reducing environmental damage and increasing energy efficiency. [...] Read more.
This study examines compliance behavior in the context of environmental tax policies, highlighting the essential role that these policies play in achieving the objectives of the Sustainable Development Goals (SDGs). Environmental taxes are crucial instruments for reducing environmental damage and increasing energy efficiency. Nevertheless, taxpayer compliance, which is impacted by several variables, including social acceptability, regulatory quality, and perceptions of fairness, is a key component of these policies’ efficacy. In contrast to earlier research, which frequently concentrated on certain kinds of tax or discrete policy mechanisms, this study takes a broad approach, looking at a range of environmental taxation instruments. Emerging trends, significant factors influencing compliance behavior, and noteworthy contributions from eminent authors and organizations are all identified via bibliometric and scientometric analyses. To create fair and effective environmental tax policies, interdisciplinary approaches and international collaboration are required. Along with presenting policies to improve environmental regulation compliance, this study offers insightful advice for businesses that can help them innovate toward sustainability and adjust to shifting policy. It also provides a solid theoretical base for future researchers by highlighting important areas that require more investigation, especially when it comes to the wider effects of environmental taxes on various industries. Full article
Show Figures

Figure 1

50 pages, 1705 KiB  
Article
Flourishing MSMEs: The Role of Innovation, Creative Compliance, and Tax Incentives
by Prianto Budi Saptono, Ismail Khozen, Gustofan Mahmud, Sabina Hodžić, Intan Pratiwi, Dwi Purwanto and Lambang Wiji Imantoro
J. Risk Financial Manag. 2024, 17(12), 532; https://doi.org/10.3390/jrfm17120532 - 22 Nov 2024
Cited by 1 | Viewed by 2964
Abstract
This study explores the interplay between tax incentives, creative compliance, and innovation in enhancing business resilience and sustainability among micro, small, and medium enterprises (MSMEs) in Indonesia, addressing gaps in the existing literature regarding their interrelationships during crises. A cross-sectional survey of 360 [...] Read more.
This study explores the interplay between tax incentives, creative compliance, and innovation in enhancing business resilience and sustainability among micro, small, and medium enterprises (MSMEs) in Indonesia, addressing gaps in the existing literature regarding their interrelationships during crises. A cross-sectional survey of 360 MSMEs was conducted, utilizing the Partial Least Squares Structural Equation Modeling (PLS-SEM) approach to analyze complex relationships among variables. The findings reveal that creative compliance, including tax planning and avoidance, does not directly impact resilience or sustainability. While tax incentives did not significantly enhance resilience during crises, they contributed to long-term sustainability. Innovation emerged as a critical factor linking creative compliance to business success and fully mediating the effects of tax incentives on resilience. This study emphasizes the necessity for MSMEs to prioritize innovation in their strategies, particularly in conjunction with effective tax practices, and highlights the need for government support through simplified regulatory frameworks to foster an innovative business environment. Limitations include the challenges of incorporating control variables in SEM and the need for further research into the long-term effects of these factors on sustainable performance. Full article
Show Figures

Figure 1

13 pages, 301 KiB  
Article
Exploring the Role of AI in Improving VAT Reporting Quality: Experimental Study in Emerging Markets
by Moustafa Al Najjar, Rasha Mahboub, Bilal Nakhal and Mohamed Gaber Ghanem
J. Risk Financial Manag. 2024, 17(11), 477; https://doi.org/10.3390/jrfm17110477 - 22 Oct 2024
Viewed by 1385
Abstract
In recent years, artificial intelligence has increasingly been interesting for its role in improving accounting practices. This research investigates whether there is a significant difference in value-added tax (VAT) reporting quality between traditional methods and those assisted by artificial intelligence (AI) in emerging [...] Read more.
In recent years, artificial intelligence has increasingly been interesting for its role in improving accounting practices. This research investigates whether there is a significant difference in value-added tax (VAT) reporting quality between traditional methods and those assisted by artificial intelligence (AI) in emerging markets. The experiment introduces an AI intervention using ChatGPT-4 to analyze data for accounting errors. The results demonstrate that AI-assisted reporting significantly improves reporting quality, as the AI effectively identified accounting errors that were missed in traditional reporting. This study makes a valuable contribution by providing novel, practical insights into the role and capabilities of AI in tax reporting, employing a rarely used experimental methodology to explore this topic. Full article
18 pages, 756 KiB  
Article
An Empirical Analysis of Tax Evasion among Companies Engaged in Stablecoin Transactions
by Rubens Moura de Carvalho, Helena Coelho Inácio and Rui Pedro Marques
J. Risk Financial Manag. 2024, 17(9), 400; https://doi.org/10.3390/jrfm17090400 - 6 Sep 2024
Viewed by 1607
Abstract
This research investigates the relationship between stablecoin usage and tax evasion. We present a model that includes variables related to transactions such as intensity, frequency, environment on-chain (P2P) vs. off-chain (IntraVasp), and company characteristics such as age, sector, and size. Our model was [...] Read more.
This research investigates the relationship between stablecoin usage and tax evasion. We present a model that includes variables related to transactions such as intensity, frequency, environment on-chain (P2P) vs. off-chain (IntraVasp), and company characteristics such as age, sector, and size. Our model was empirically tested using a logistic regression based on data from the Brazilian Federal Revenue Service (Receita Federal do Brasil (RFB)) in 2021. This novel approach aims to understand the tax behaviours associated with stablecoin use in corporate financial practices. Our results indicate that the intensity, frequency, environment of transactions (specifically IntraVasp and P2P transactions), age, sector, and size are factors significantly associated with tax evasion behaviour. However, we found no evidence to suggest that firms engaging in only P2P transactions have a higher propensity for tax evasion than those engaging only in IntraVasp transactions. Our findings reveal that younger and medium-sized companies with intensive use of stablecoin, with high stablecoin transaction frequency, engaging in IntraVasp and P2P transactions, and belonging to the service sector are more likely to evade tax. Therefore, our research provides a detailed understanding of how digital financial practices with crypto assets (blockchain-based technology) intersect with corporate tax strategies, which can offer valuable insights for regulators, industry practitioners, and policymakers. Full article
Show Figures

Figure 1

19 pages, 301 KiB  
Article
The Impact of Audit Oversight Quality on the Financial Performance of U.S. Firms: A Subjective Assessment
by Rebecca Abraham, Hani El Chaarani and Zhi Tao
J. Risk Financial Manag. 2024, 17(4), 151; https://doi.org/10.3390/jrfm17040151 - 10 Apr 2024
Cited by 3 | Viewed by 4712
Abstract
Audit committees are appointed by the board of directors of corporations to oversee the financial reporting process, monitor financial control processes, hire and assess independent auditors, and communicate findings with management and auditors. We propose two new measures of audit oversight quality. The [...] Read more.
Audit committees are appointed by the board of directors of corporations to oversee the financial reporting process, monitor financial control processes, hire and assess independent auditors, and communicate findings with management and auditors. We propose two new measures of audit oversight quality. The first measure is purely subjective, in that it scores audit committees on a scale based on their ability to fulfill one or more of their responsibilities, as mentioned in annual reports, Form 10-K and DEF 13A. The second measure concerns audit committee activity, as it measures the number of times the term ‘audit committee’ is mentioned in these documents. Both measures were obtained for U.S. pharmaceutical companies and energy companies from 2010 to 2022. The audit oversight quality measures were regressed in regard to profitability (measured by return on assets and return on equity), debt capacity (measured by equity multiplier), and firm value (measured by Tobin’s q and economic value added). Audit oversight quality, using both measures, reduces the return on equity. Audit oversight quality, using both measures, had a disciplining effect on debt. Increases in the oversight of increasing debt discourage the propensity to increase borrowing using collateral (debt capacity), and reduce investor returns through investment in debt-financed projects (return on equity). Audit oversight quality, using both measures, exhibited a size effect on the firm’s value, in that an increase in the firm size with high audit oversight quality increases the firm’s value. However, it is possible that only the first measure of audit oversight quality significantly increased the firm’s value, as only the first measure exhibited robustness to the endogeneity effect of size. Full article
32 pages, 1129 KiB  
Article
Tax Compliance in Slovenia: An Empirical Assessment of Tax Knowledge and Fairness Perception
by Lidija Hauptman, Berislav Žmuk and Ivana Pavić
J. Risk Financial Manag. 2024, 17(3), 89; https://doi.org/10.3390/jrfm17030089 - 20 Feb 2024
Cited by 3 | Viewed by 3732
Abstract
Complex tax systems can result in tax evasion, which further impacts the revenues necessary to achieve sustainable development goals. Enhancing taxpayer education, tax knowledge, and tax fairness perception is essential for boosting revenues to support societal sustainability. The aim of this study was [...] Read more.
Complex tax systems can result in tax evasion, which further impacts the revenues necessary to achieve sustainable development goals. Enhancing taxpayer education, tax knowledge, and tax fairness perception is essential for boosting revenues to support societal sustainability. The aim of this study was to assess the levels of tax knowledge and tax fairness perception within the Slovene taxpayer population, with a specific focus on the differences related to gender and settlement size. Further, the connections between tax knowledge and various aspects of tax fairness were explored. The Kruskal–Wallis test was used to assess the statistical significance of gender and settlement size differences and the Kendall’s coefficient of rank to determine the association between the tax knowledge and fairness perception dimensions. The results provide evidence that highlights disparities in tax knowledge between male and female taxpayers (p-value = 0.0116). Additionally, this study demonstrates that settlement size does not significantly impact tax knowledge perception among Slovene taxpayers (p-value = 0.2067). However, tax fairness encompasses various dimensions, and our research reveals no disparities based on gender (p-value = 0.7263) or settlement size (p-value = 0.2786). When assessing the correlation between tax knowledge and tax fairness perception, the results indicate statistically significant but weak correlations in both directions, depending on the specific fairness dimension. Full article
Show Figures

Figure 1

17 pages, 1251 KiB  
Article
Taxation Perspectives: Analyzing the Factors behind Viewing Taxes as Punishment—A Comprehensive Study of Taxes as Service or Strain
by Hunar Mohammed and Anita Tangl
J. Risk Financial Manag. 2024, 17(1), 5; https://doi.org/10.3390/jrfm17010005 - 21 Dec 2023
Cited by 7 | Viewed by 15819
Abstract
This research paper delves into the intricate relationship between taxpayers and taxation systems, seeking to understand the factors influencing individuals’ perceptions of taxes as either a service or a financial burden. The study employed online surveys to collect data from a diverse group [...] Read more.
This research paper delves into the intricate relationship between taxpayers and taxation systems, seeking to understand the factors influencing individuals’ perceptions of taxes as either a service or a financial burden. The study employed online surveys to collect data from a diverse group of participants, using both quantitative and qualitative research methods. The research findings demonstrate that people’s perceptions of taxes are not solely shaped by economic factors but are also influenced by psychological aspects, government communication, and societal norms. In economically developed countries, citizens tend to have more positive tax perceptions due to the visible benefits of their tax contributions. In contrast, less developed nations often see negative perceptions rooted in the lack of apparent returns on taxes paid. Additionally, the fairness of tax policies and government communication significantly impact how taxes are perceived. This research provides insights for policymakers on how to enhance tax compliance and improve taxpayer–government relations. It suggests that progressive and fair tax policies can lead to higher compliance rates and increased revenue collection. Furthermore, simplifying tax systems and reducing bureaucratic obstacles can make tax compliance more accessible and less burdensome. The study also offers international case studies for best practices that can be adapted to different contexts. This study sheds light on the multifaceted nature of tax perceptions and their impact on economic behavior. It underscores the importance of considering both economic and psychological factors, as well as government policies and communication, in shaping taxpayers’ views on taxation. Full article
Show Figures

Figure 1

Back to TopTop