This study examines the nature of tax avoidance among loss firms. Using the methodology in Schwab, Stomberg, and Xia (2022) to identify and classify deliberate and intentional tax avoidance activities from companies’ effective tax rate reconciliations, we find that approximately 35 percent of...

Many studies use GAAP effective tax rates (ETR) as proxies for tax avoidance and rely on the maintained assumption that very low (high) ETRs represent the greatest (least) tax avoidance. We provide large-sample empirical evidence on how well ETRs capture cross-sectional differences in tax...

Managers express growing concern over media coverage of corporate taxes, yet no large-sample empirical study examines this phenomenon. As a first step to fill this void, we identify factors associated with the likelihood and negative tone of media tax coverage and examine firms' tax avoidance...

Business taxation in India is characterised by high effective tax rates, a narrow tax base, and an uncertain tax environment for potential investors. However, India has now begun a process of significant business tax reform, including a staged reduction of the corporate income tax rate and...

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...