Fiscal Transparency Law and Legal Definition
Fiscal Transparency means timely, meaningful and reliable disclosures about a company's financial performance. It is a crucial requirement for informed investment in companies.
With regard to taxation, it is a way of looking through an entity and attributing profits and losses directly to the entity's members. The profits of certain forms of enterprises are taxed in the hands of the members rather than at the level of the enterprise. This often occurs in the case of a partnership for example.