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The effectiveness of voluntary corporate tax disclosures: an Australian case study

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Published on 01 Dec 21 by "AUSTRALIAN TAX FORUM" JOURNAL ARTICLE

The disclosure of tax information by corporate taxpayers is often thought to be an important tool in the quest by tax administrators to reduce multinational tax avoidance. To date, most initiatives have involved disclosure to revenue authorities. A second limb to disclosure is the provision of tax information to shareholders and the general public. There are very few examples of voluntary
public disclosure by corporate taxpayers and many observers are sceptical as to its effectiveness in reducing tax minimisation. Australia provides a prominent example of a public disclosure regime with its Tax Transparency Code reports that have been produced by taxpayers on a voluntary basis since 2016. This article reports on a study that tested the extent to which disclosures under a voluntary code can increase awareness or understanding of the tax behaviour of large corporations and whether the information affects public perceptions and consequent corporate responses. Three different measurements were used to test the potential impact of disclosure: the comprehensibility of the information provided, whether the market viewed information provided as new information, and the volume and accessibility of information.

Author profiles

Bronwyn McCredie
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Prof Kerrie Sadiq CTA
Professor Kerrie Sadiq holds the position of Professor of Taxation in the School of Accountancy at the QUT Business School, Queensland University of Technology. Kerrie’s primary areas of expertise are international tax, tax expenditures and capital gains tax. She is the co-editor of Australian Tax Review, an internationally recognised leading academic tax journal. She is author of publications in both Australian and International journals and edited books, including the Bulletin for International Taxation, Australian Tax Forum, Journal of International Tax, Canadian Tax Journal and the New Zealand Journal of Taxation Law and Policy. She is the general editor and co-author of leading taxation texts used in universities throughout Australia. Prior to joining Queensland University of Technology, Kerrie spent 20 years at The University of Queensland as a member of both their Law School and Business School. Academic Qualifications: • Doctor of Philosophy, Deakin University (PhD) • Master of Laws, Queensland University of Technology (LLM) • Bachelor of Laws, The University of Queensland (LLB (Hons)) • Bachelor of Commerce, The University of Queensland (BCom) Professional Associations & Designations: • Chartered Accountant (CA), Chartered Accountants Australia and New Zealand • Certified Practice Accountant (CPA), CPA Australia • Chartered Tax Adviser (CTA), Tax Institute (Australia) • Graduate of the Australian Institute of Company Directors (GAICD designation) - Current at 25 August 2020
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Richard Krever
Richard is a professor in the Law School at the University of Western Australia. - Current at 15 April 2020
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