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Increasing Transparency In Taxation Law




Muthulakshmi B, Sastra Deemed To Be University

ABSTRACT:

In the intricate tapestry of modern democratic societies, the vital thread of transparency in taxation weaves accountability, fairness, and the bedrock of public trust within fiscal systems. It embarks on an in-depth exploration of the indispensable drive to enhance transparency in taxation and the multifaceted bouquet of advantages it bestows upon governments, taxpayers, and society as a whole. Investigation delves into the intricate concept of taxation transparency from a kaleidoscope of perspectives, spanning the realms of policy formulation, execution, and comprehensive reporting. Moreover, a discerning eye on the catalytic role played by technology and digitalization in fostering transparency, revolutionizing the landscape of tax collection, and staunchly mitigating the shadows of tax evasion. This digital frontier not only fortifies the government's revenue intake but also ushers in a renewed era of integrity in tax systems. A seismic global shift is underfoot, as nations rally towards the automatic exchange of financial information, a united front in the relentless battle against tax avoidance and evasion. This international cooperation signals a tectonic shift towards a fairer fiscal world order, wherein secrets and stratagems find no sanctuary. However, as we tread this path of enlightenment, we must also navigate through the challenging terrain. Daunting hurdles loom in the form of data privacy concerns, bureaucratic inertia, and the resolute resistance to change. This research underscores the paramount importance of effective communication and education to enlist citizens as partners in the taxation process, fostering a sense of ownership and shared responsibility. In the radiant wake of increased transparency in taxation, the dividends are bountiful. Enhanced revenue collection fuels the engine of societal progress, while the chasms of economic inequality are bridged. In this newfound light, the edifice of public confidence in government institutions stands fortified. Thus, it is not merely a bureaucratic obligation, but a sacred duty that transparent taxation represents — an indispensable cornerstone of a just and equitable society.

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Indian Journal of Law and Legal Research

Abbreviation: IJLLR

ISSN: 2582-8878

Website: www.ijllr.com

Accessibility: Open Access

License: Creative Commons 4.0

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​All research articles published in The Indian Journal of Law and Legal Research are fully open access. i.e. immediately freely available to read, download and share. Articles are published under the terms of a Creative Commons license which permits use, distribution and reproduction in any medium, provided the original work is properly cited.

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The opinions expressed in this publication are those of the authors. They do not purport to reflect the opinions or views of the IJLLR or its members. The designations employed in this publication and the presentation of material therein do not imply the expression of any opinion whatsoever on the part of the IJLLR.

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