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Ethical behaviors promote credibility among individuals, contributing to the well-being of a society. The increasing challenge among people to be openly responsible and be an exemplar of moral behavior repeatedly calls for policy proposals from both individuals and organizations. Tax attitude is viewed as one of the ethical issues that has long been a paramount concern in our society. Tax morale is considered so closely fastened to behavior to serve as an authority for action (Halla, 2012). Several studies on tax ethics examined the relationship between taxpayers and the government as well as personal attributes (e.g., Alm & Torgler, 2006). The studies of Richardson (2008) and Tsakumis et al. (2007) examined the influence of cultural values on tax behavior.

Tax havens are both a controversial and thrilling area of research. Since the last financial crisis there has been a dramatic increase of research interest in this area. The most frequently researched areas in relation to tax havens can be divided into positive: for example, attracting more foreign direct investments (FDI), or potentially increased financial performance and productivity, and negative: for example, aggressive tax planning, money laundering or machinations in public procurements. The last decade’s research results suggest the value of a focus on negative outcomes: aggressive tax planning, related profit-shifting techniques, and the consequences of having anonymous ultimate beneficial owners (UBO). In the Slovak business environment, research on tax havens has been long neglected. In contrast to other jurisdictions, there are no academic studies that might inform improvements in tax legislation, or provide support for the Financial Administration of the Slovak Republic.

the profitability of their company’s investments. They also encounter various types of costs – from the managerial perspective, these include paid taxes. Therefore, the management at multinational corporations takes advantage of the global digital economy and tries to plan tax liabilities in order to minimize them. Ignoring the opportunity to avoid taxes can result in a less competitive position. Tax planning has become an important tool for achieving better financial results. Within the global economy, the international aspect of tax planning is a key factor for multinational corporation management. The importance of tax burdens can also be seen in decision making on where to invest. Lower tax burdens can increase an investment’s profitability; therefore, managers incorporate rating tax legislation into their decision-making process for investment.

The issue of base erosion and profit shifting (BEPS) caused by multinational companies is a potential important impediment to tax collections. Because tax planning schemes utilized gaps and mismatches in tax rules to artificially shift profits to low or no-tax jurisdiction where there is insufficient of no economic activity (Hines, 2014; OECD, 2017). The Organization for Economic Co-operation and Development (OECD) has estimated the general annual revenue loss of USD 100 to 240 billion due to the BEPS OECD (2017). Dharmapala and Riedel (2013) focused on tax motivated income shifting between parent companies and their affiliates. The parent companies have almost 60% affiliates established in low-tax jurisdictions. It resulted in profit shifting from the high-tax parent companies’ jurisdictions to the low-tax affiliates’ jurisdictions where the profit is taxed with the lower tax rate.

The term socially responsible business has been frequently appearing in public and business life in the latest time. It represents an innovative approach to business and focuses on the impact of business activities on society and the environment. In our paper we apply the concept of corporate social responsibility to the area of income taxes in the Slovak Republic.