ABSTRACT
In this chapter, we outline various possible future developments related to tax transparency. We introduce and assess the most recent developments in advancing tax transparency: both mandatory and voluntary reporting initiatives as well as best practices already adopted by companies. These provide guidelines and benchmarks for individual companies seeking to comply with new official and unofficial reporting demands as well as improving their existing reporting. We provide a framework for evaluating the quality of information reported and emphasise that the usefulness of information should be the future focus in tax transparency rather than simply demanding larger quantities of data. We note the cost constraints to increased reporting, as well as limits to information processing capabilities, and introduce how AI can assist in overcoming these hurdles. Finally, we summarise our view on tax transparency as part of the wider CSR framework pinpointing avenues for future research.
