Corporate sustainability: increasing the quality of information in B2B companies’ reporting

¹ Polzunov Altai State Technical University, 656038, Barnaul, Lenin St., 46, Russia
² V.I. Vernadsky Crimean Federal University, 295007, Simferopol, pr. A.Vernadskogo, 4, Russia
³ Vologda State University, 160000, Vologda, Lenin st., 15, Russia
⁴ Kuban State Agrarian University named after I.T. Trubilin, 350044, Krasnodar, Kalinina, 13, Russia

^* Corresponding author: suhov_32@bk.ru

Abstract

Research background: Our research demonstrates that corporate accounting as a rule contains no frames connected with the disclosure of information about operations on digital platforms and indirect taxes on В2В operations, including tax risks.

Purpose of the article: Our research revealed that corporate accounting as a rule contains no frames connected with disclosure of information about operations on digital platforms and indirect taxes on В2В operations, including tax risks. This information can be hidden in some reports, which are usually compiled on the initiative of the company.

Methods: We can select information needs of the users as a starting point of raising sustainability of corporate governance. This is why companies compile different forms of reports containing both financial and non-financial information. Country reports reflect different financial, tax, and other indicators of international groups of companies in the countries, where participants of such groups operate (and, if necessary, explanations). At the same time, methodologically country reports are a chance to establish disproportion between the scope of company operations and the amount of taxes paid in different jurisdictions.

Findings & Value added: Information about indirect taxes and B2B operations is of inconsistent, unstructured character, making its retrospective assessment both for an individual company and as comparative analysis for a group of companies impossible. We see further development of this issue in research of corporate websites and information disclosure centers for structuring and detailing the information of many companies participating in the B2B sector and developing common approaches to information disclosure.