We examine if and when investors systematically respond to SEC comment letters focusing on comment letters that contain tax-related issues. Using a sample of more than 10,000 comment letters from the Audit Analytics' SEC Comment Letter Database, we identify comment letters related to tax issues....

Voluntary tax disclosure has become increasingly important in corporate sustainability reporting, particularly following new standards introduced by the Global Reporting Initiative combined with heightened public pressure and stakeholder demands. We examine tax aggressiveness and country...