Emerging Practices in Taxation, Disclosure, and Compliance: A Review of Global and Local Approaches

Abstract

The landscape of taxation, disclosure, and compliance is undergoing profound transformation
due to the combined effects of digitalisation, globalisation, and increasing expectations from
multiple stakeholders, including regulators, investors, and the public. Organisations are now
required to adopt more sophisticated tax policies, implement transparent disclosure mechanisms,
and maintain rigorous compliance frameworks to manage risks effectively. This review examines
emerging practices in taxation, disclosure, and compliance, with particular emphasis on global
trends and their adaptation in the Indian context. Key developments include the implementation
of digital taxation, real-time reporting systems, automated compliance monitoring, and enhanced
transparency through narrative disclosures and country-by-country reporting. The paper
synthesises current research on technological innovations, behavioural and organisational factors
influencing compliance, and regulatory reforms shaping these practices. It also identifies existing

challenges, such as infrastructure limitations and regulatory gaps, and highlights future research
directions to strengthen corporate governance, accountability, and effective risk management.