 EVIDENCE ON ETHICAL TAX PRACTICES BY COMPANIES LISTED ON THE GHANA STOCK EXCHANGESalahudeen Saeed Review of Business and Finance Studies, 2020, vol. 11, issue 1, 1-12 Abstract: The aim of this paper is to gain an understanding of tax behavior of companies, particularly multinationals. It draws on previously designed responsible and transparent tax behavior principles, guidelines, scorecards and benchmarks. The author examined 37 Ghanaian listed companies. The companies surveyed were grouped into three branches of industry: Consumer and Industrial Products and Services (n=17); Energy, Utilities and Resources (n=8) and Financial Services (n=12). The results show that Ghanaian listed companies are not fiscally responsible and transparent. The overall percentage of total points scored by the top 10 companies is 45%. Besides, overwhelming majority (73%) of the companies scored below the minimum amount (0-20 points). What is more, an overall transparency rating on the six principles of good tax governance is 29%. These insights have several implications for tax authorities and moral investors Keywords: Ethics; Responsible Taxpayer; Tax Transparency (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ibf:rbfstu:v:11:y:2020:i:1:p:1-12 Access Statistics for this article Review of Business and Finance Studies is currently edited by Terrance Jalbert More articles in Review of Business and Finance Studies from The Institute for Business and Finance Research |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.