Tax optimisation in the tax risk management process. Tax-legal analysis and selected managerial issues
Objectives The aim of the article is to theoretically present ways of legally optimising the taxation of entrepreneurs' income, by using the appropriate construction of legal regulations and legal and organisational forms of business. The issues of tax risk in the context of tax management are...
| Main Authors: | , , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Wyższa Szkoła Gospodarki Euroregionalnej im. Alcide De Gasperi
2024-03-01
|
| Series: | Journal of Modern Science |
| Subjects: | |
| Online Access: | https://www.jomswsge.com/Tax-optimisation-in-the-tax-risk-management-process-Tax-legal-analysis-and-selected,186213,0,2.html |
| _version_ | 1797209747638714368 |
|---|---|
| author | Sylwia Skrzypek-Ahmed Piotr Zientarski Anna Paździor Jerzy Choroszczak Paweł Barwiak |
| author_facet | Sylwia Skrzypek-Ahmed Piotr Zientarski Anna Paździor Jerzy Choroszczak Paweł Barwiak |
| author_sort | Sylwia Skrzypek-Ahmed |
| collection | DOAJ |
| description | Objectives
The aim of the article is to theoretically present ways of legally optimising the taxation of entrepreneurs' income, by using the appropriate construction of legal regulations and legal and organisational forms of business. The issues of tax risk in the context of tax management are also presented. The goal of management is to reduce economic risk and to protect against its consequences.
Material and methods
Research in the social sciences, is inspired by numerous and diverse needs. Therefore, we will reduce the existing needs to two main types, to which certain types of research correspond. The first is combined with needs of a theoretical or cognitive nature, that is, it includes all those needs that are associated with the development of a particular science. The second is combined with the various needs of practice.
Results
Income taxes also have a negative impact on the assets (equity) of entrepreneurs. The reduction in wealth results from the burdening of entrepreneurs with both wealth taxes and corporate income tax in the case of capital companies and, in the case of partnerships, with personal income tax for distributions made to partners.
Conclusions
Both of these risks describe a potential reality, i.e. the possibility of coming into conflict with the tax authorities. Their realisation is random, with the so-called double randomness - both the timing of the event (conflict) and its depth, i.e. the consequences, are unknown. These effects are mainly financial (arrears incurred, financial sanctions, etc.), although loss of credibility, for example, may also be involved. Importantly, both risks are linked to uncertainty, but each with a different one. Speculative risk is linked to the uncertainty of whether an illegal act will come to light. |
| first_indexed | 2024-04-24T09:59:37Z |
| format | Article |
| id | doaj.art-4518dfc6e8554d4bb5a2d078cb2a9fb2 |
| institution | Directory Open Access Journal |
| issn | 1734-2031 2391-789X |
| language | English |
| last_indexed | 2024-04-24T09:59:37Z |
| publishDate | 2024-03-01 |
| publisher | Wyższa Szkoła Gospodarki Euroregionalnej im. Alcide De Gasperi |
| record_format | Article |
| series | Journal of Modern Science |
| spelling | doaj.art-4518dfc6e8554d4bb5a2d078cb2a9fb22024-04-13T15:30:26ZengWyższa Szkoła Gospodarki Euroregionalnej im. Alcide De GasperiJournal of Modern Science1734-20312391-789X2024-03-0155135536910.13166/jms/186213186213Tax optimisation in the tax risk management process. Tax-legal analysis and selected managerial issuesSylwia Skrzypek-Ahmed0https://orcid.org/0000-0002-1211-0683Piotr Zientarski1https://orcid.org/0000-0002-7157-8446Anna Paździor2https://orcid.org/0000-0002-4049-9008Jerzy Choroszczak3https://orcid.org/0000-0003-3197-621XPaweł Barwiak4https://orcid.org/0009-0000-9159-6425WSEI University, PolandWyższa Szkoła Gospodarki Euroregionalnej im. Alcide de Gasperi w JózefowieWSEI University, PolandGraduate School of Business - National-Louis University (WSB-NLU), PolandWSEI University, PolandObjectives The aim of the article is to theoretically present ways of legally optimising the taxation of entrepreneurs' income, by using the appropriate construction of legal regulations and legal and organisational forms of business. The issues of tax risk in the context of tax management are also presented. The goal of management is to reduce economic risk and to protect against its consequences. Material and methods Research in the social sciences, is inspired by numerous and diverse needs. Therefore, we will reduce the existing needs to two main types, to which certain types of research correspond. The first is combined with needs of a theoretical or cognitive nature, that is, it includes all those needs that are associated with the development of a particular science. The second is combined with the various needs of practice. Results Income taxes also have a negative impact on the assets (equity) of entrepreneurs. The reduction in wealth results from the burdening of entrepreneurs with both wealth taxes and corporate income tax in the case of capital companies and, in the case of partnerships, with personal income tax for distributions made to partners. Conclusions Both of these risks describe a potential reality, i.e. the possibility of coming into conflict with the tax authorities. Their realisation is random, with the so-called double randomness - both the timing of the event (conflict) and its depth, i.e. the consequences, are unknown. These effects are mainly financial (arrears incurred, financial sanctions, etc.), although loss of credibility, for example, may also be involved. Importantly, both risks are linked to uncertainty, but each with a different one. Speculative risk is linked to the uncertainty of whether an illegal act will come to light.https://www.jomswsge.com/Tax-optimisation-in-the-tax-risk-management-process-Tax-legal-analysis-and-selected,186213,0,2.htmleconomics of taxationrisk managementfinancial riskeconomic rationalitytax managementtax lawlegal and organisational forms |
| spellingShingle | Sylwia Skrzypek-Ahmed Piotr Zientarski Anna Paździor Jerzy Choroszczak Paweł Barwiak Tax optimisation in the tax risk management process. Tax-legal analysis and selected managerial issues Journal of Modern Science economics of taxation risk management financial risk economic rationality tax management tax law legal and organisational forms |
| title | Tax optimisation in the tax risk management process. Tax-legal analysis and selected managerial issues |
| title_full | Tax optimisation in the tax risk management process. Tax-legal analysis and selected managerial issues |
| title_fullStr | Tax optimisation in the tax risk management process. Tax-legal analysis and selected managerial issues |
| title_full_unstemmed | Tax optimisation in the tax risk management process. Tax-legal analysis and selected managerial issues |
| title_short | Tax optimisation in the tax risk management process. Tax-legal analysis and selected managerial issues |
| title_sort | tax optimisation in the tax risk management process tax legal analysis and selected managerial issues |
| topic | economics of taxation risk management financial risk economic rationality tax management tax law legal and organisational forms |
| url | https://www.jomswsge.com/Tax-optimisation-in-the-tax-risk-management-process-Tax-legal-analysis-and-selected,186213,0,2.html |
| work_keys_str_mv | AT sylwiaskrzypekahmed taxoptimisationinthetaxriskmanagementprocesstaxlegalanalysisandselectedmanagerialissues AT piotrzientarski taxoptimisationinthetaxriskmanagementprocesstaxlegalanalysisandselectedmanagerialissues AT annapazdzior taxoptimisationinthetaxriskmanagementprocesstaxlegalanalysisandselectedmanagerialissues AT jerzychoroszczak taxoptimisationinthetaxriskmanagementprocesstaxlegalanalysisandselectedmanagerialissues AT pawełbarwiak taxoptimisationinthetaxriskmanagementprocesstaxlegalanalysisandselectedmanagerialissues |