The implementation of the concept of corporate social responsibility in the area of income tax in the Slovak republic

Abstract

The concept of corporate social responsibility is an answer to social and economic challenges that
 national economies are facing in the (post-)crisis period. There is a revaluation of the present
 principles of business based on achieving profit. Corporate social responsibility is a long-term
 sustainable solution in the form of engagement of the business sector in solving the problems of
 society. Responsible businesses make an economic profit and social benefit by their commitment
 to ethical conduct and social responsibility, whereas irresponsible businesses steal the resources
 of the state and society. This means that tax evasion can also be considered a manifestation of
 unethical conduct. In the long term income tax is a significant source of finance for public budgets
 of the Slovak Republic used for financing the needs of the state and society. This paper presents
 the results of primary research focused on analysis of tax evasion on income tax in the context of
 corporate social responsibility in the Slovak Republic. The realistically calculated (i.e. detected)
 consequences of socially irresponsible behaviour of businesses are analyzed on the basis of data
 obtained from secondary research in the area of criminal liability for evasion, incorrectly calculated
 or concealed tax obligations of businesses. The submitted paper contains the development,
 relationships and consequences of these activities in the Slovak Republic. The output of this paper
 is the implementation of the concept of corporate social responsibility into the area of income tax
 and recommendations to improve the identified state in this area in the Slovak Republic.