WebJan 2, 2024 · level of tax avoidance increases, and for groups with low levels of tax avoidance, the cost of capital decreases when the level of tax avoidance increases. Kim et al. [11] tested the effect of tax avoidance on the association between company reputation and the implied cost of capital in Korean companies from 2003 to 2016. WebAug 23, 2024 · Three negative externalities reveal that tax avoidance should be understood not only as a social problem but also as an enterprise problem. Sustainability, as an …
Environmental Taxation Financing for Sustainable Development …
WebJan 29, 2024 · The Taskforce on Scaling Voluntary Carbon Markets (TSVCM), sponsored by the Institute of International Finance (IIF) with knowledge support from McKinsey, estimates that demand for carbon credits could increase by a factor of 15 or more by 2030 and by a factor of up to 100 by 2050. Overall, the market for carbon credits could be worth upward … WebMar 30, 2024 · CSP as a moderator of the link between SII and tax avoidance. In line with the controversial impact of institutional ownership on tax avoidance, CSP and tax avoidance may be positively or negatively related (Kovermann & Velte, 2024).The classical agency theory argues that the key interests of shareholders to increase financial performance are … hip upgrading
Tax Avoidance as a Sustainability Problem - Taylor & Francis
WebDec 17, 2024 · Paying taxes as sustainability strategy. ... European corporations such as Shell and Philips also succeed in avoiding to pay taxes on their profits—as Shell admitted … WebAbstract This manuscript proposes that tax avoidance can be better understood and mitigated as a sustainability problem. Tax avoidance is not just a financial problem for tax authorities, but one that erodes critical common spaces necessary for the smooth … hi pumps