This study examines a setting in which a tax reporting decision is delegated to a firm 's tax manager. Using financial accounting measures of tax expense to evaluate the tax manager allows the fi rm to efficiently attain the level of tax avoidance it prefers, despite the fact that the...

Loss firms are an economically significant and growing segment of the population of publicly traded corporations. Relatively little is known about the tax positions of loss firms because they are typically dropped from tax avoidance studies. We develop a new measure of corporate cash tax...