In: Finance
n today’s world, are the arguments for ethical payment of our fair share of taxes espoused by Crowe and the CTA professional conduct standards realistic or do they advocate for out of date concepts and beliefs that have no place in the modern global business world? Do you feel while nice in theory, the realities and pressures of the modern world will eventually cause all tax practitioners to stray. Thoughts?
The arguments for ethical payment of our fair share of taxes as espoused by Crowe and the CTA professional conduct standards are subject to perspectives and are debatable.
For some the fair share of taxes is relative to payment of taxes by their peers in similar social standings. and financial band. For some it relates to the value of series and benefits that the government gives in return of the taxes being collected rom them. So, holding a single argument true shall not be the course of this debate.
The modern business world is exploding and it growing manifold. Small companies are going global and global companies are shaping some of the stagnant economies to become the next economic hub. With enormous volume of business and expansion comes countless challenges of ethics and holding to one's ethics shall be the biggest trait of a professional.
Conclusively, arguments for ethical payment of our fair share of taxes espoused by Crowe and the CTA professional conduct standards are realistic but shall be moulded and open to interpretation rather than being rigid.
Will pressures of the modern world will eventually cause all tax practitioners to stray?
I believe the core of any practitioner is the code of ethics one shall follow and adhere to. Straying away is and shall be unacceptable. However, as argued earlier, rigidity is not he course of action for the modern world. It shall be inclusive and open minded while being strongly regulated against negative and false interpretations.