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Investigated cases of fraud related to bankruptcy and insolvency by the Romanian Police during the period 2010-2020
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Corporate fraud has become increasingly common and sophisticated in today’s complex economic world, and a variety of strategies for perpetrating fraud have arisen. Financial fraud has various negative implications in the corporate sector since it reduces efficiency and undermines confidence and loyalty among all stakeholders. In this context, the a...
Context in source publication
Context 1
... the time studied, there was a downward trend in fraud investigations related to bankruptcy and insolvency, with the maximum number of instances in 2010 (574 cases) and the lowest in 2015 (55 cases) ( Figure 6). Then there was a slight increase until 2019, when there have been 162 cases, followed by a drop in 2020, when there were 88 cases. ...
Citations
... Against this background, the outcome of applicable social science should provide a clearer picture and suggest approaches to improving tax compliance enforcement and company reporting transparency (Capraş, 2024). To lower discrepancies, governments and international regulators like the OECD need to work together to standardise tax policy and financial reporting standards. ...
This paper explores the connection between international taxation and corporate reporting, in particular how overlapping tax jurisdictions affect the quality of corporate disclosures. With the growing complexity of international business and the differences between tax systems, understanding these interactions are important to policymakers and stakeholders. It employs a mixed-methods strategy that involves the literature review, quantitative analysis of financial statements from multinational companies and qualitative interviews with tax experts. The quantitative study employs regression approaches to distinguish commonalities in profit statements and tax liabilities across different systems of regulation; the qualitative insights highlight the challenges faced by e-commerce giants in navigating through fragmented tax regimes. This has a significant implication: the overall perception of seriousness between countries in tax and commercial programming can differ depending on how strict or lax their tax legislation is with corporations more likely to deploy profit shifting and minimisation tactics where the leveraging is lower. Therefore, it seems we have found substantial inconsistencies across global financial reporting practices! Industries that rely on intangible assets, like tech and pharma, are especially vulnerable to exploiting these discrepancies. The absence of alignment of international tax rules with financial reporting standards, in the conclusion shows great impediments to achieving harmonization of corporate governance and economic transparency worldwide. This study underlines that we need more international coordination in harmonising tax and reporting rules, to create a more equal and transparent global financial system. Regulatory challenges are growing, and future research should explore the impact of emerging technologies such as blockchain and digital assets on tax compliance and reporting practices.