Journal of
Accounting and Taxation

  • Abbreviation: J. Account. Taxation
  • Language: English
  • ISSN: 2141-6664
  • DOI: 10.5897/JAT
  • Start Year: 2009
  • Published Articles: 183

JAT Articles

Examination of confidence levels of taxpayers transitioning to making tax digital by industry sector in the UK

September 2022

The purpose of this study is to utilise social cognitive theory to investigate and establish through empirical study, the confidence levels of taxpayers with ‘Making Tax Digital’ and further to facilitate an assessment of the readiness of taxpayers to be compliant with making tax digital requirements by industrial sector. This study used a survey instrument to collect data from 202 businesses in the...

Author(s): Sadiq Mohammed 

Practices for negotiating tax debts successfully: Exploration of offer in compromise judicial tax court case decisions

September 2022

Settling tax debts with the U.S. Internal Revenue Service (IRS) as a service to accounting clients is categorized among the high-level negotiations skills widely sought from accounting graduates by employers. Through purposive sampling and analysis of 272 federal tax court cases decided between 2004 and 2021, this paper proposes to elucidate effective tax debt negotiations techniques. Judicially accepted and rejected...

Author(s): Lloyd Cynthia B. and Wadhwa Darshan 

Tax audit of legal entities, assisted by informational technology performed from revenue authorities

July 2022

This paper aims to explain how an information system upgrade aids tax authority efficiency in a developed country with significant deficiencies and weaknesses in its tax system and citizens’ tax awareness. Simultaneously, this research considers modern tax audit methods and their effect on legal entities. Through literature review, a questionnaire was drafted and sent to state tax auditors responsible for public...

Author(s): Lazos Grigoris, Petridou Maria, Karagiorgos Alkiviadis and Karagiorgou Dimitra

Firms’ corporate social responsibility behavior to stakeholders and its effect on financial performance indices: A case study of Ctrip

July 2022

In recent years, some domestic and foreign scholars have studied the relationship between corporate social responsibility and corporate performance. Some of these studies show that there is a positive relationship; others found a negative correlation while others found no correlation between them. It is of great significance for internet enterprises to undertake corporate social responsibility when private sector...

Author(s): Chu Patrick Kuok Kun and Li Siqi 

Effect of individual CEOs’ characteristics on firms’ performance: Evidence from China

July 2022

This paper investigates the effect of individual chief executive officers’ (CEOs’) characteristics on corporate performance. CEOs across 50 Chinese firms over time were selected and it was discovered that CEOs’ specific factors play a significant role in their firms’ performance. CEOs’ demographic characteristics include their legal background, dual position (that is, as both CEO and...

Author(s): Law Philip and Ningnan Wanggao

Effects of earnings management on firms’ market-adjusted return

July 2022

Earnings announcement affects respective firms’ share prices based on their performances. Financial markets react to the bottom figure of the financial statements, which the authors believe include earnings management components. Similarly, earnings surprise also affects the market share. Therefore, they believe that there is a need for empirical analysis to understand the effects of earnings management and...

Author(s): QURESHI Qazi Ghulam Mustafa, MARD Yves and AUBERT Francois

IFRS-9 adoption and income smoothing nexus: A comparison of the post-adoption effects between European and Sub-Saharan African Banks

July 2022

This paper compares the post-adoption effects of IFRS 9 on the income smoothing behavior of banks in Europe and Sub-Saharan Africa. The researchers extend their analysis to examine the effect of country-level governance on income smoothing. Using a sample of listed commercial banks in Europe and Sub-Saharan Africa, the authors employ varying econometric tests and panel regressions to investigate the hypotheses. The...

Author(s): Taylor Daniel and Aubert François 

Effects of shifting non tax revenue from Local government authorities to Tanzania Revenue Authority: The case of Morogoro Municipality

April 2022

The transfer of property tax and billboard fees collection from Local Government Authorities (LGAs) to Tanzania Revenue Authority (TRA) has had drastic consequences for LGAs budgets. This study seeks to examine the effects of shifting the collection of non-tax revenue from LGAs to TRA with reference to Morogoro Municipal Council (MMC). A questionnaire was administered to a sample size of 88 respondents, purposefully...

Author(s): Mohamedi Hussein and John B. Tlegray

Tax collection gaps and overdue tax debts: Greece, 2000-2019

April 2022

This paper deals with the process of accumulating overdue tax debts in Greece and brings out its main features. It focuses on the consistently high collection gap ratios that have led to the accumulation of tax arrears and, although the role of tax administration and debt stock management are acknowledged as crucial factors in reducing the collection gap and the stock of arrears respectively, it explores the role that...

Author(s): Nicholas Karavitis, Kosmas Paipetis and Maria Priniotaki

Impact of transfer pricing on revenue generation and debt profile in Nigeria

April 2022

Nigeria, a host to almost all the MNCs in the world, has continued to experience a significant loss in revenue through profit shifting techniques, which have increased public debt from N8.32 trillion in September 2013 to N36.3 trillion as at May 2021. The study aimed at examining the impact of transfer pricing on revenue generation and debt profile in Nigeria. Other objectives of this paper are to review the adequacy of...

Author(s): Ovie Ogidiaka, Eniola Samuel Agbi and Lateef Olumide Mustapha

Board-diversity, audit committee characteristics and earnings management: Family versus non-family controlled firms

April 2022

This study examines the impact of board diversity, audit committee attributes, and the interaction of family ownership on earnings manipulation. The study employs the Caylor and Roy Chowdhury models to quantify accrual and real earnings management, respectively, in a developing country setting. Data was collected from non-financial organization operating in Bangladesh during the period from 2011 to 2019. Furthermore,...

Author(s): Uddin Mohammad Helal,

Simplification factors addressing tax systemic complexity during tax reform periods: Evidence from the Greek tax system

April 2022

Tax procedures have increased due to the expansion of international trade opportunities, administrative strategies and technology. As a result, tax complexity increases and burdens citizens, enterprises and tax authorities. Traditional causes of complexity are found in political instability, legislation, central and operational planning. The interpretation of legislation greatly affects tax awareness; thus, information...

Author(s): Karagiorgos Alkiviadis, Lazos Grigoris, Lois Petros, Katsifas Dimitrios and Kasiouli Maria

Economic and accounting performance of Greek innovative firms through knowledge-based entrepreneurship

April 2022

In modern industrial sectors, the margins for companies’ development constantly shrink, urging a rise in R and D and various sections’ expenditures. Throughout this phase, the role of innovative firms has submerged, especially via the knowledge-based entrepreneurship. Knowledge-based entrepreneurship can potentially benefit companies performing in the high-tech sectors, in terms of economic performance and...

Author(s): Toudas Kanellos and Kanellos Nikos

Welfare effect of aid

April 2022

Developing economies have often relied on developmental finance (aid) in improving the welfare and social being of their citizenry. However, the developmental effect of aid on developing economies has sparked a lot of interest among scholars and policymakers. The objective of the study is to examine the welfare effect of aid in Nigeria for the period of 1981 to 2017. The study employed the autoregressive distributed lag...

Author(s): Fredrick Ikpesu

The value relevance of the quality of IFRS-based published financial information of non-financial companies in Nigeria

April 2022

The study examines whether the quality of international Financial Reporting Standards (IFRS) based published financial information in Nigeria increased in the post-IFRS era. The study examines the quality of IFRS-based financial reports in improving the information required from financial statements. In other words, it evaluates the quality of published financial reports after IFRS adoption in Nigeria using annual...

Author(s): Liafisu Sina Yekini, Sunny Oteteya Temile and Dubem Victor Enaruna

Complexity of costing systems, integrated information technology and retail industry performance

March 2022

The evolution of technology, mandated the innovation numerous and different functions within the economic unit. Cost systems are also included to these system upgrades, since detailed planning regarding expenses greatly impacts the economic stability and sustainability of an organization. Therefore, the combined utility derived from use of cost data and information systems; after taking into consideration each unique...

Author(s): Alkiviadis Karagiorgos, Grigoris Lazos, Dimitrios Katsifas and Christina Tsoka

The impact of leverage on earnings management and the trade-off between discretionary accruals and real earnings management

February 2022

This research studies the impact of leverage on the earnings management levels of firms and investigates the role it plays in determining the choice of earnings management methods utilized by managers. This study is conducted within the context of European countries. Multiple panel regressions are run with leverage against various measures of earnings management. The results indicate that leverage curtails earnings...

Author(s): Isaac Selasi Awuye and François Aubert

Corporate governance of IPO enterprises with financial accounting fraud in China’s growth enterprise market-A case study of ABC Group

February 2022

This study focuses on analysing financial ratios to identify the company’s (ABC Group) problems and the means by which financial fraud was committed. It proposes recommendations and solutions for the corporate governance of IPO enterprises in China’s Growth Enterprise Market. This study finds that imperfect corporate governance led to financial fraud being committed by ABC Group. Many other IPO enterprises...

Author(s): Philip Law and Ma Jingyi

Non-conforming tax aggressiveness and earnings management: Evidence from Greek public companies

February 2022

The present paper examines the tax and financial reporting behaviour of Greek public companies after the adoption of International Financial Reporting Standards. Corporate tax aggressiveness is measured on the basis of tax audit data whereas the extent of financial earnings manipulation is captured by total and discretionary accruals. The findings suggest that earnings quality has deteriorated as firms engage in...

Author(s): Stavroula Kourdoumpalou and George Drogalas

The impact of audit quality on earnings management: Evidence from France

January 2022

This research investigates the relationship between financial reporting quality and audit quality within the context of French listed companies. The auditor brand name (Big4) is used as a proxy for audit quality and earnings management is ascertained through real and accruals earnings management estimation. Discretionary accruals are estimated using the Jones Model and the Modified Jones Model while real earnings...

Author(s): Isaac Selasi Awuye

The composition of board of directors and performance: Impact of the political experience after the Tunisian revolution

January 2022

This paper investigates the impact of directors’ political experience, acquired on the financial performance of listed companies, after the Tunisian revolution of 2011. We also emphasize the directors’ strategic experience, and the board of directors’ demographic and structural characteristics.  Our data are based on a sample of 22 Tunisian companies listed on the Tunisian stock exchange during...

Author(s): Wided Bouaine and Yosr Hrichi

Effectiveness of fraud prevention and detection methods in the public sector in Tanzania

January 2022

Fraud prevention and detection methods in the public sector are vital for improved performance and service delivery in the public.  However, in Tanzania, there is a paucity of knowledge on the effectiveness of these methods. The main objective of this study was to examine the effectiveness of fraud prevention and detection methods in the public sector, a case of Tanzania Rural and Urban Roads Agency (TARURA)...

Author(s): Glory Godson Malle, Lazaro Athanas Mwonge and Alexis Naho

An empirical study of the impact of VAT on the buying behavior of households in the United Arab Emirates

January 2022

Value added tax (VAT) discouraged consumption, encouraged savings, and generated higher economic growth. Evidence on the actual effectiveness of consumption taxes in changing the consumption patterns and stimulating savings is limited. This study used an ex-post facto research design to assess the impact of VAT on goods and services on the buying behavior of consumers in UAE. It analyzed the changes that consumers in...

Author(s): Hadal Hammour and John Mckeown

The nexus between bank size and financial performance: Does internal control adequacy matter?

January 2022

The economic development of any nation is largely dependent on the stability of the nation’s banking industry, because the industry promotes the savings culture of the public, aids capital funding, implements the monetary policy of  a country and promotes the facilitation of international trade. Therefore this study examined the effect of bank size on the financial performance of listed Deposit Money Banks in...

Author(s): Akinola Abisola

Independence factors influencing audit expectation gap in listed deposit money Banks in Nigeria

January 2022

This study examines the effect of independence factors on audit expectation gap in listed deposit money banks in Nigeria. The population of the study comprises of the investors/shareholders, lenders and other creditors and a sample of 385 respondents was selected using Cohran sample size formula. The period under study is from January, 2012 to December, 2019. The study used a questionnaire drawn on a five point likert...

Author(s): Aminu Bebeji, Joshua Okpanachi, Terzungwe Nyor and Mohammed Nma Ahmed

Study on the monitoring role of institutional investors in deterring accounting fraud

November 2021

The topic about institutional investor being a monitoring role has been widely discussed but different results exist in previous empirical studies. Along with their progressively development, institutional investors are now playing more important role in Chinese capital market. Using samples from Chinese capital market, this paper collects fraud data and data of mutual funds’ ownership in listed firms between 2008...

Author(s): Patrick Kuok-Kun Chu and Amy Yujie Xiong

Impact of making tax digital on small businesses

November 2021

Making Tax Digital (MTD), an initiative announced in 2015 by MP George Osborne in his autumn statement, brings with it the most impactful change to the UK tax administration for a generation. The Making Tax Digital vision aims to revolutionise the way businesses, landlords, individuals, and tax accountants interact with Her Majesty’s Revenue and Customs (HMRC). Making Tax Digital is intended to aid the...

Author(s): M. Sadiq

Board attributes and corporate tax avoidance: An explanatory mixed method investigation

October 2021

The inherent financial and reputational risks in companies’ tax avoidance practices should be of great concern to members of the board of directors. However, studies on the relationship between the board’s attributes and corporate tax avoidance have documented mixed findings. Since these studies are predominantly quantitative, the present study uses a qualitative strand in providing explanations to the mixed...

Author(s): Ibrahim Aramide Salihu and Farahiyah Kawi

Employment dynamics and fiscal policy in ECOWAS: A panel data analysis

October 2021

The study investigated the association between employment dynamics and fiscal policy in Economic Community of West African States (ECOWAS). The study focused on the 15 memberships of ECOWAS from 1990 to 2019. ?h? study made use of Keynes’ theory, from which a simple model was formed. The variables used in the model were employment, government expenditure, and tax revenue. ?ut?r?gr?ss?v? d?str?but?d l?g (?RDL) was...

Author(s): Okunola, Adesola Olajumoke

Corporate governance and voluntary disclosure: The case of listed firms on the Athens Stock Exchange

October 2021

This paper explores the effect of corporate governance on voluntary disclosure. The investigation of the research question was based on hand-collected data from annual reports for a sample of 93 non-financial listed firms on the Athens Stock Exchange for 2017. Using several items to create a voluntary disclosure index, the authors investigate the arguments that ownership structure, board of directors (board) and audit...

Author(s): Christina Vadasi, Stergios Tasios and Michalis Bekiaris

Factors affecting the internal audit effectiveness in local government institutions in Ghana

October 2021

The paper examines the factors that affect the effectiveness of internal auditing in local government institutions in Ghana. Questionnaires were administered to the Internal Audit staff and Audit Committee members of the Accra Metropolitan Assembly in the Greater Accra region. Factor analyses were used to answer the closed-ended questions whilst the open-ended type was analysed based on recurring themes. It was found...

Author(s): Daniel Kofi Quampah, Hussein Salia, Karim Fusheini and Nicholas Adoboe-Mensah

Corporate governance and economic sustainability reporting in Nigeria

October 2021

Economic sustainability reporting enhances the financial strength of the company by meeting the diverse needs of stakeholders. Whereas, financial performance covers about 25% of the economic sustainability performance indicators as indicated in the GRI-4. To this extent, the study helps to fill this gap by considering the effect of corporate governance on economic sustainability reporting in quoted companies on Nigerian...

Author(s): Olayinka, Olalekan Moses

Fair value accounting: Perspective on stewardship function

October 2021

This paper reviews the existing and emerging perspectives on fair value accounting (FVA) in the context of the stewardship function of financial reporting. This study draws on diverse research threads and theoretical notions to advance a comprehensive assessment of existing FVA research in the context of the trade-off between decision-usefulness and the stewardship objective. By conducting a narrative literature review,...

Author(s): Dusan Andrejcik, Gurcharan Singh and Anwar Halari

Achieving competitive advantage and financial sustainability through acquisition and restructuring strategies

July 2021

Acquisition and restructuring strategies are some of the growth and retrenchment strategies that firms employ with the aim of achieving competitive advantage in form of superior financial sustainability position. In this study, we set out to provide a descriptive framework for acquisition and restructuring strategies as corporate level strategies and to investigate the ability of these strategies to help organizations...

Author(s): Japhet Imhanzenobe

Related party transactions and their association with earnings management – evidence of Hong Kong listed companies

July 2021

This study empirically investigates whether related party transactions play an important role in earnings management in Hong Kong Stock Exchange, by using manually collected data comprising 1,278 firms’ yearly observations from all listed company on Hang Seng Composite Industry Indexes from 2016 to 2018. This study analyzes the three most frequent types of related party transactions, including related sales,...

Author(s): Patrick Kuok Kun CHU and Mayava Weng In LEONG

An empirical investigation of the audit expectation gap: Evidence from Cameroon

July 2021

Although the audit expectation gap has been subject to substantial research over the past two decades, it remains a controversial issue for the audit profession. This study, therefore, examines the existence of an audit expectation gap in Cameroon between auditors and users (accountants, bankers, and investors), assesses the dimensions of the gap, and relates the findings to prior findings on the expectation gap. A...

Author(s): Lazarus Elad Fotoh, Johan Ingemar Lorentzon and Michael Forzeh Fossung

Board size and firm performance in developing counties: Case of East Africa

July 2021

The main objective of this study was to examine the influence of board size on the financial performance of listed companies within the East African Community (EAC) and make recommendations on the board size that can enhance company financial performance within the EAC. The research adopted a positivist paradigm in a quantitative analysis using non-probability sampling to select forty-two listed companies listed on the...

Author(s): David Namanya, Geoffrey Nuwagaba and Festo Tusubira Nyende

Taxing the informal sector through presumptive taxes in Zimbabwe: An avenue for a broadened tax base, stifling of the informal sector activities or both

July 2021

Domestic revenue generation occupies a central domain in most countries, leading to continuous mapping of strategies towards its enhancement. Taxation is a dependable and foreseeable avenue to generate revenue for governments to fulfil their key obligations of employment creation, economic growth and infrastructural development, poverty reduction and state security. Despite these plausible arguments, tax revenues are...

Author(s): Favourate Y. Sebele Mpofu

Does the importance of relevance and faithful representation differ between GAAP and tax reporting? A discussion of the trade-offs between cash-basis, accrual-basis, and fair value accounting methods

July 2021

This paper explains the trade-offs between the relevance and faithful representation of accounting information analyzed in the contexts of the cash-basis, accrual-basis, and fair value accounting methods used to prepare financial statements for Generally Accepted Accounting Principles (GAAP) and tax reporting. Discussion of the role of the relevance and faithful representation of accounting information is generally...

Author(s): Sarah C. Lyon, Timothy Kelley, Loren Margheim

The development of a scale to measure SMEs tax compliance in Nigeria: An adaptation of Fischer's model

July 2021

This study aims to investigate the reliability and validity of a new version of the tax compliance scale. The new scale extended the Fischer’s et al model of tax compliance by drawing more constructs and question items from the theoretical literature review, empirical results of the previous studies and similar questionnaires from different countries. There were 39 question items refined through the process of the...

Author(s): Olusegun Vincent

Influencing factors of accounting practices: a case study of New Zealand

July 2021

Accounting practices in different countries influenced by several factors. This study has identified some factors those have a great impact on accounting practices in different countries. This study also explains the accounting practices in a specific country: New Zealand, which is one of the developed counties in the South Pacific Ocean close to Australia and a member of commonwealth countries. However, this study is a...

Author(s): Ujjal Mondal

The COVID-19 and earnings management: China’s evidence

April 2021

This study investigated the relationship between the COVID-19 outbreak and the Chinese listed firms’ earnings management practices. It also examined how this relationship was moderated by the Chinese listed firms’ corporate social responsibility (CSR) and the external corporate governance mechanism. The data in this study were mainly retrieved from the China Stock Market and Accounting Research (CSMAR)...

Author(s): He Xiao and Jianqun Xi

Economy-wide impact of tax reform in Ethiopia: A recursive dynamic general equilibrium model

April 2021

This paper examined the macroeconomic influence of tax reform on the Ethiopian economy using the Dynamic Computable General Equilibrium model. It utilized the updated 2009/2010 Ethiopian Social Accounting Matrix (SAM) from 2005/2006 developed by Ethiopian Development Research Institute (EDRI). To investigate the impact of tax reform on the Ethiopian economy, different simulations were made turn by turn. First, a...

Author(s): Takele Abdisa Nikus

The influence of mental accounting, perceived trust and power of revenue authorities on tax compliance among SMEs in Zimbabwe

April 2021

This study is done against a background of perennial negative variances between the projected and actual tax collections in Zimbabwe. Studies that look at the influence of mental accounting, perceived trust and power of tax authorities on tax compliance seem to be lacking in Africa. The target population comprise of self-employed tax payers because these currently comprise the highest form of employment among...

Author(s): Marcus Mutanga, Nokuthula Ncube, Eukael Nombuyiselo Mbuyisa and Prisca Magodhini

Board structure and firm performance: An empirical study of Greek systemic banks

April 2021

This paper examines the effect of board characteristics on bank financial performance. Tracing the Greek financial crisis during the period of 2008 to 2018, the paper investigates whether board size, board independence, CEO duality, female directors, and foreign directors affect banks performance. The empirical evidence shows that board structure has a significant effect on bank performance. Specifically, board size,...

Author(s): Michalis Bekiaris

Financial accountability mechanisms in local governments in Uganda: a case of Kabale District Local Government

April 2021

The purpose of the study is to present financial accountability mechanisms in local governments, with reference to Kabale district local government. A cross-sectional research design, which used both quantitative and qualitative approaches to collect and analyze data, was adopted. Both simple random and purposive sampling techniques were used to select 117 respondents from 174 subjects. Questionnaires and personal...

Author(s): Perpetua Arinaitwe, Marus Eton, Moses Agaba, Abanis Turyehebwa, Bernard Patrick Ogwel and Fabian Mwosi

Tax-free synthetic cash for individuals: A theoretical review of the Swiss case

January 2021

Synthetic cash, which is a pure product of financial engineering, can be defined as a combination of financial instruments that provide (before tax) a performance equal to that of a traditional monetary deposit but without the use of a debt or interest payment instrument. This article discusses the taxation of synthetic cash in Switzerland and shows that synthetic cash can generate tax-free income when adequately...

Author(s): François-Serge Lhabitant,

Closed form solution for the valuation of deferred tax assets

January 2021

Deferred tax asset (DTA) is a tax/accounting concept that refers to an asset that may be used to reduce future tax liabilities of the holder. In the banking sector, it usually refers to situations where a bank has either overpaid taxes, paid taxes in advance or has carry-over of losses (the latter being the most common situation). In fact, accounting and tax losses may be used to shield future profits from taxation,...

Author(s): João Marques Silva, Nuno Souto and José Azevedo Pereira

Internal audit as an optimization tool for educational monitoring organizations

January 2021

Organizations that oversee education institutes contribute to the quality of education. Audit as a tool can support the optimization of processes for these organizations. However, literature was scarce regarding audit in educational monitoring organizations. This research attempts to understand the position that audit holds in educational monitoring and how it optimizes their processes. A questionnaire based on audit...

Author(s): Lazos Grigoris, Karagiorgos Alkiviadis, Stavropoulos Antonios, Karagiorgou Dimitra and Hatzakis Nikos

Greek tax reality and the VAT gap: Influential factors

January 2021

The value added tax gap (VAT gap) is a notable indicator of tax evasion, tax avoidance and overall inefficiency within the tax system. As the VAT gap in Greece is one of the largest in the European Union (EU), an attempt to quantify and analyze it was made. In order to achieve that, social, economic, fiscal and tax factors were examined based on international literature, since there is very little relevant research in...

Author(s): Eriotis Nikolaos, Missiakoulis Spyros, Papadakis Spyros and Vasiliou Dimitrios

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