Companies publish annual financial statements directed at shareholders. Are these financial statements the same as those given to the tax collector? Do companies report the same profits to their shareholders and the tax collector? If not:
- Why? (my guess: companies want to maximize profits shown to shareholders so that management looks good. On the other hand, companies want to minimize profits shown to the tax collector so that the tax bill is minimized)
- Can I, as shareholder, obtain the financial statements submitted to the tax collector? If so, how?
Answers need not be specific to the United States.