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If higher degrees of subjectivity are believed to be present (or are present) in new forms...

If higher degrees of subjectivity are believed to be present (or are present) in new forms of reporting will ethical behavior (and transparency) become even more important? Discuss.

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Answer #1

Wherever subjectivity is introduced, the decisions are more biased and influded by personal opinions about a certain transaction. The assessee will try to find more loop holes and try to lay it in the name of subjectivity if caught. There will be no doubt more and more biasness and the rules could be bent more compared to when the reporting was non subjective.

The need for more ethical behaviour and transparency might be needed to a far greater extent because subjectivity combined with an unethical mind might just create problems and more tax evasions than before,so relatively more ethical bylaws shall be attached with heavier penalties to avoid undue advantage of this unethical environment.

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