Tax governance as a part of corporate social responsibility

Abstract

Nowadays, responsible business conduct and corporate social responsibility (CSR) prioritized at the governmental level. Even more and more companies now report on CSR. Financial transparency, in particular responsible tax governance considered to be as a part of CRS. Authorities propose to update CRS guidelines and involve guidance on responsible tax policies. The goal of the current research was to was get an insight into the understanding of CSR by Latvian business sector representatives with the particulat focus on tax management issues. Representatives of Latvian companies from different sectors of economy were surveyed, using the authors’ developed questionnaire. The respondents were offered to evaluate a range of statements regarding the understanding of the CSR concept as a combination of diffrenet elements, the awareness of the European Parliament’s Directive on disclosure of non-financial information, as well as attitude to tax management in the framework of CSR. The results of the given research provide a platform for further investigation in the field of CSR in Latvian business environment.