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We derive determinants of tax avoidance by means of a multi-task principal-agent model. We extend prevailing models by integrating both corporate and individual income taxation as well as by including tax planning effort in the agent’s action portfolio. Our model shows novel and apparently...
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explanation is that managers require to be compensated for the additional risk inherent in running an aggressive tax strategy. In …
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"This paper analyzes the links between corporate tax avoidance, the growth of high-powered incentives for managers, and …
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This paper analyzes the links between corporate tax avoidance, the growth of high-powered incentives for managers, and …
Persistent link: https://www.econbiz.de/10012468222
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