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Corporate tax transparency reporting and Benford’s law

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Published on 01 Apr 19 by "AUSTRALIAN TAX FORUM" JOURNAL ARTICLE

Corporate tax transparency reporting came about due to persistent concern surrounding corporations paying their “fair share” of tax, tax avoidance or minimisation behaviour, and opportunistic earnings management. However, concern has been raised over the reasonableness of what appears to be a simple disclosure regime. This study examines the reasonableness of the tax transparency disclosures utilising the Benford’s law phenomenon. The 2014–15 corporate tax transparency report is analysed for potential abnormal digit frequencies by comparing Benford’s distribution against the observed frequencies for total income, taxable income and tax payable.

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Elizabeth Morton
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