Perspectives on Tax Optimization: Opportunities and Challenges

Abstract

The importance of taxation has always had a dual side. While the state is interested in increasing its budget revenues by influencing taxability, taxpayers are interested in reducing their tax obligations. In this regard, the concept of tax optimization has different meanings depending on the interests of the parties concerned. This paper presents a literature review on tax optimization issues and highlights opportunities or challenges associated with tax mechanism. Tax compliance methods, tax avoidance or fraud are subjects of particular attention. Topics such as the impact of taxation on business organization forms, complexity of regulations, tax havens, cryptocurrency and transfer prices are competing to clarify the meaning of tax optimization and to receive theoretical approaches and practical examples of interest to both scholars and professionals involved in tax practice.

Keywords

• tax optimization
• tax planning
• tax avoidance
• tax fraud