Public Disclosure Of Corporate Tax Returns.pdf

IN10929.pdf
Preview of Public Disclosure of Corporate Tax Returns
🔗 Source: fas.org
📊 Size: 95 KB
👤 Author: IN10929
⬇️ Downloads: 52

Summary

Federal corporate tax returns are confidential under Section 6103 of the Internal Revenue Code, but there have been calls to lift this privacy veil due to aggressive tax planning and evasion. Public disclosure of corporate tax returns could increase tax compliance by allowing more people to scrutinize them and highlight discrepancies, but it's unclear if this would be effective due to the complexity of corporate tax returns. Disclosure could also lead to "public shaming" of corporations that use aggressive tax planning techniques, but the evidence on its effectiveness is mixed. Additionally, public disclosure could improve corporate oversight, financial market functioning, and inform the public and policymakers about corporate tax payments and incentives. However, it could also unintentionally increase tax planning aggressiveness and allow corporate competitors to see each other's tax strategies.

Description

Federal corporate tax returns are confidential under Section 6103 of the Internal Revenue Code, but there have been calls to lift this privacy veil due to...

Technical Information

  • File Format: PDF
  • File Size: 95 KB
  • Pages: 2
  • Language: EN
  • Author: IN10929
  • Total Downloads: 52
  • Last Updated: 2 weeks ago

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