Corporate Window: A Matter of Governance in Tax Reform

Sunday, 15 September 2024, 20:54

Corporate governance practices are crucial for enhancing transparency in tax reform. The government could have significantly increased income tax filers from 5m to 15m if committed. This article explores governance implications.
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Corporate Window: A Matter of Governance in Tax Reform

Implications of Governance in Tax Reform

Corporate governance shapes the integrity and efficiency of tax systems. Tax reform hinges on creating trust in public institutions, essential for encouraging more income tax filers.

Current Tax Landscape

  • The current number of income tax filers stands at 5 million.
  • Potential for tripling this number exists, contingent on committed governance.

Challenges and Opportunities

  1. Transparency remains a critical factor for the success of governance.
  2. Engagement with taxpayers can improve compliance and participation.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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