What is tax transparency?

[Good-Person]

When you run any kind of business, you may need top be really transparent when it comes to taxes. When you are transparent and honest about taxes, your business may face less issues related to laws. So, what is tax transparency and how can it be done?

 

[Debashis]

Tax transparency is the principle of openly sharing information about tax practices and payments. It can be achieved through measures like publishing tax reports, implementing international standards, requiring companies to disclose their tax strategies, and promoting cooperation between governments and taxpayers.