Research Proposal: Tax Planning Impact on Marks & Spencer Performance

This research proposal aims to analyze the impact of tax planning practices on the performance of Marks and Spencer. It seeks to understand tax planning concepts, determine the concept of organizational performance, analyze the specific impact of tax planning on Marks and Spencer, and recommend strategies for improvement. The proposal includes a literature review covering tax planning practices, organizational performance, and their interconnected impact. The research methodology employs a qualitative approach, utilizing an inductive research approach and interpretivism philosophy with a descriptive design. Data collection will focus on secondary sources, analyzed through thematic analysis. Ethical considerations are addressed, and a timeline is provided for the research activities, with potential outcomes including improved financial resource management and the identification of suitable financial strategies.

RESEARCH PROPOSAL

Table of Contents
INTRODUCTION...........................................................................................................................3
Aims and objective......................................................................................................................3
Aim..............................................................................................................................................3
Research Objective......................................................................................................................3
Research questions ......................................................................................................................3
Scope............................................................................................................................................3
Literature review..............................................................................................................................3
Research methodology.....................................................................................................................4
Time Line.........................................................................................................................................5
Potential outcomes...........................................................................................................................6
REFERENCES................................................................................................................................1

INTRODUCTION
Aims and objective
Aim
The aim of this research is to analyse the impact of tax planning practices on performance
of organization: A study on Marks and Spencer.
Research Objective
 To understand the concept of tax planning practices
 To determine the concept of organizational performance
 To analyse impact of tax planning practices on performance of Marks and Spencer
 To recommend appropriate strategies to Marks and Spencer for improving their tax
planning practices
Research questions
 What are tax planning practices?
 List some effective tax planning practices?
 How do tax planning practices impact over organization performance?
 What would be appropriate strategies for Marks and Spencer to improve their tax
planning practices in more systematic way?
Scope
The outcome of this research can play crucial role in improving organization
performance. Other scholar can use this research outcome to aid their own research. It would be
bringing deeper understanding of the taken notion. It will be helping further studies on the issue
of financial plan.
Literature review
Literature review refers to the process of comprehensive summary of previous research
relevant to specific topic. The survey is served on the basis of scholarly books, articles and
various other resourced aligned with the key topic.
Theme 1: Concept of tax planning practices
According to Sensenig and et.al., (2020), tax planning is referred as a plan or financial
position which is helpful to ensure the coordination of different elements for lowering the tax
rates. Financial planning is process for estimate capital sources which is mainly required as well
as determining its competition. Also, it refers to terms of framing financial norms in relation with

procurement, administration of fund, and investment. Basically, it shows that how organization
tend to achieve their strategic aims and objectives in suitable ways. The financial plan is formed
immediately after vision and objectives are formed clearly.
Theme 2: Concept of organizational performance
As denoted by George, Walker and Monster (2019), organizational performance is set of
actual output or results for company which is measured against their intended aims and
objectives. The performance is also concluded as success or fulfilment of company at end of
project as they are intended. Performance can be determined in simple terms for achievement of
quantified objectives, but it not only matter of what is to be achieved but also reflects how it is
being achieved in entity. Higher performance results formulates suitable behaviour as well as
effective use of required knowledge, competency and skills.
Theme 3: Impact of tax planning practices on organization performance
As per the view of Alshehhi, Nobanee and Khare (2018), financial practices like tax
planning impact to performance measures of organization due to relationship among them.
Effective practices direct at providing successful growth to organization, the outcomes as well as
financial practices are two sides of coin which turns out to be more successful for business
concern and its overall success. Financially powerful organizations are braced with providing
effective
e outcomes and there are several factors that are accountable for growth of organization. Apart
from this cash inflows and profits are the basis of financial condition of business, in similar
business objectives and standards are crucial factors for future outcomes.
Research methodology
Research type
In this method researcher will utilize qualitative type of research in order to gain better
knowledge for theoretical factors for chosen topic. Also, it would be beneficial in collection of
non-numerical data to form understanding in several opinions, experiences and concepts.
Research approach
Research approach is plan and process which consist of steps of broad assumptions to
detail method of data collection and analysis. The researcher will use inductive research
approach which help in carry out the research for drawing the conclusions by going from the
specific to general.

Research philosophy
Researcher will make use of interpretivism as it would be convenient for understanding
meanings that are aligned with human relations or actions (Alaali and et.al., 2021). So this
approach will form lucrative outcomes while focusing over subjective experiences of individual
as well as understanding concepts in systematic ways.
Research design
While drawing attention to this stage researcher will use descriptive approach. It would
be effective as such it will provide them access to utilize methods and will be suitable for study
in better future sources.
Data collection
Data collection is effective method for collecting useful information, in this stage there
are two types of methods such as primary and secondary. Researcher will make use of secondary
method for collecting effectual data about specific topic and enhance the research outcomes. The
relevant data will be collected through help of published articles, authorized data, organization
website, and reports. This would be helpful for saving time, efforts and expenses. The major
advantage of utilizing secondary data is economics, as researcher do not have to devote time,
money and some other resources to phase of investigation.
Data analysis
It is most effective practice for identifying collected data and further preparing well-
informed decisions on the basis of results. In the present study on Marks and Spencer, thematic
analysis approach will be considered by researcher in order to analyse qualitative data
effectively.
Ethical consideration
These are set of values which is helpful in guiding research practices as well as designs
consist of anonymity, informed consent, voluntary participation, communications, results and
potential harm (Vacca and et.al., 2020).
Time Line
Activities Week 1 Week 2 Week 3 Week 4
Aim and
objectives

Literature Review
Research
Methodology
Data collection
and analysis
Conclusion
Potential outcomes
From this research it would be helpful to carry out the effective measures regarding the
study to be feasible as such it can be supportive in the following concerns.
 Determining amount of financial resources required by organization to carry out
operations smoothly
 Identifications of sources of funds such as patterns of security to be issued
 Identification of suitable norms for adequate utilization as well as administration of funds
Tax planning carries broad scope as it does not sum up by uplifting estimated finance, it has long
term tax related decisions. In similar way researcher will be able to figure out suitable strategies
that would be applicable to financial practices and organization performance.

REFERENCES
Books and journals
Alshehhi, A., Nobanee, H. and Khare, N., 2018. The impact of sustainability practices on
corporate financial performance: Literature trends and future research
potential. Sustainability. 10(2). p.494.
George, B., Walker, R.M. and Monster, J., 2019. Does strategic planning improve organizational
performance? A meta‐analysis. Public Administration Review. 79(6). pp.810-819.
Sensenig, D.J. and et.al., 2020. Utilizing what we know about tele-mental health in tele-financial
planning: a systematic literature review. Journal of Financial Planning. 33(9). pp.48-58.
Alaali, N. and et.al., 2021. The impact of adopting corporate governance strategic performance
in the tourism sector: A case study in the Kingdom of Bahrain. Journal of Legal, Ethical
and Regulatory Issues. 24. pp.1-18.
Vacca, A. and et.al., 2020. The role of gender diversity on tax aggressiveness and corporate
social responsibility: evidence from Italian listed companies. Sustainability. 12(5).
p.2007.
Online
https://www.researchgate.net/publication/
332670845_The_Effect_of_Tax_Planning_on_Financial_Performance_in_the_Stock_Exchange_of_Thailand
https://ijisrt.com/wp-content/uploads/2018/08/Tax-Planning-for-Organization-Survival-How-Relevant-is-Accounting-Theory.pdf
https://onlinelibrary.wiley.com/doi/10.1111/1467-8268.12378
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