Despite the importance of internal decision-making for corporate tax outcomes, we know little about the role of within-firm delegation of decision rights. Using confidential survey data, we examine the relation between corporate tax effectiveness and the extent to which capital investments,...

We examine the effect of increased book-tax conformity on corporate capital structure. Prior studies document a decrease in the informativeness of accounting earnings for equity markets resulting from higher book-tax conformity. We argue that the decrease in earnings informativeness impacts...

We provide evidence that tax avoidance is positively associated with firm value, and that the association is greater for income mobile firms. We classify firms with the ability to tax-efficiently structure global operations as "income mobile." The tax minimization strategies available to these...