Tax risks sources and consequences as a part of intercultural management at family companies

Walicka, Monika

doi:10.2478/joim-2014-0045

Cited by 2 publications

References 5 publications

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The impact of ontology-based knowledge management on improving tax accounting procedures and reducing tax risks

Elsayed

2023

Futur Bus J

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This paper aims to investigate the impact of ontology-based knowledge management on improving tax accounting procedures and reducing tax risks, specifically focusing on the income tax system in a developing country. To achieve this objective, a mixed methodology approach was adopted, combining quantitative and qualitative data collection and analysis methods. The data were gathered through document analysis, interviews, and questionnaires administered to stakeholders in the Egyptian Income Tax Authority. The findings of this study hold significance for both academic researchers and accounting practitioners. The results demonstrate numerous advantages associated with the utilization of ontology in tax management. It has the potential to reduce costs in tax advisory services, minimize errors in tax calculations, and enhance tax revenue generation by promoting transparency and accountability. The empirical analysis further confirms a positive correlation between ontology-based knowledge management and improved accountability procedures, as well as a positive correlation with the reduction of tax risks. These statistically significant relationships (r = 0.85, p < 0.01 and r = 0.79, p < 0.01, respectively) provide empirical evidence of the actual effects of implementing ontology-based knowledge management in improving tax accounting procedures and mitigating tax risks.

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The impact of ontology-based knowledge management on improving tax accounting procedures and reducing tax risks

Elsayed

2023

Futur Bus J

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Managing the Current Risks of Companies

Türegün

Gerçek

2022

Advances in Finance, Accounting, and Economics

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The taxation power of governments affects companies' business activities. For this reason, the legal limit of tax law must be known by taxpayers. Uncertainty, frequent changes, and interpretation differences in the tax field and reporting reveal tax risks. Today, companies, especially large ones, accept tax risk as a part of the risk management process. Focusing on tax risk management, this chapter presents the discussions on various definitions of tax risk and on the tax risk categories, factors that affect tax risk. The applicability of tax risk management is evaluated from the following perspectives in the chapter: empirical analyses conducted in different countries, tax control framework, and tax risk management practice in various countries. As a result, tax risks are manageable with the support of cooperative compliance models of revenue administrations in countries, the necessity of corporate governance principles, the situation of legal regulations, and the increasing risk management experience of especially large companies.

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Tax risks sources and consequences as a part of intercultural management at family companies

Cited by 2 publications

References 5 publications

The impact of ontology-based knowledge management on improving tax accounting procedures and reducing tax risks

The impact of ontology-based knowledge management on improving tax accounting procedures and reducing tax risks

Managing the Current Risks of Companies

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