(OCFOP). The current study also aims to examine the moderating effect of corporate tax avoidance on the relationship between … companies engaging in CSR practices and having a higher level of OCFOP. Further, corporate tax avoidance is found to have a … tax avoidance on the correlation between CSR and OCFOP in an emerging market context. This contribution expands upon the …

This study examines the influence of corporate tax avoidance on the debt financing of listed conglomerate firms in … assets. These findings imply that tax avoidance is positive and therefore more likely to increase the debt capital of listed …-debt tax shields and a tax shield in its effort to reduce its taxable income, as the cost of conventional debt is lower. …

We analyze the usefulness of accounting information on tax loss carryforwards and negative performance to predict … earnings and cash flows. We use hand-collected information on tax loss carryforwards and the corresponding deferred taxes from … the International Financial Reporting Standards tax footnotes for listed firms from Germany. Our out-of-sample tests show …

In this study, we use advance tax rulings (ATR) to investigate the impact of fee-based tax certainty on risky … investment decisions of a firm under both cash flow and tax uncertainty. We model and analyze the multi-dimensional nature of tax … uncertainty from tax reforms and tax audits in expected tax rates, tax bases, and in conjunction with loss offset restrictions. A …

revolutionary and sophisticated model for international tax reform is the ‘Destination-Based Cash Flow Tax’ which is meant to … replace the traditional corporate income tax and to shift international taxing rights with regard to business profits from the …

This article examines the liquidity effects of a wealth tax on residential rental real estate. Using data from a real … estate corporation, we simulate the effects of a wealth tax on cash flows from the rental operations. The level of detail of … wealth tax can significantly reduce the cash flow from rental operations and lead to liquidity problems. On average over all …

This Article documents and evaluates tax obligations paid without cash, referred to as “in-kind tax paying.” Such forms … of tax paying include paying federal income taxes by remitting a used, flatbed truck to the IRS, paying local property … of all seashells farmed within a state to that state. These are not just hypotheticals, but forms of in-kind tax paying …

The current debate on tax reform has raised again the question of how thecorporate tax system should be altered. The … cumulative effect of piecemeal changes to the tax system has been to produce major distortions in thepattern of savings and … tax the real economic income of companies. The main problems withthis approach are the difficulties of (a) indexing the …

rights than cash flow rights. An empirical study using the exogenous changes of two rounds of dividend tax reductions reveals …

We examine the effects of unilateral changes in a country's tax parameters in a two country model when both countries … equilibrium by allowing each country to vary its corporate tax rate, degree of taxation of capital income, and level of border … countries are identical, each has an incentive to move toward source-based taxation. In contrast, changes in corporate tax rates …

This book provides a comprehensive overview of the implications of tax avoidance for a firm’s capital structure … the relationship between tax avoidance and capital structure. In the final section, the results of an empirical … investigation conducted on a sample of U.S. public firms are also presented. The empirical research examines whether and how tax …

This paper uses a multi-region, forward-looking, DSGE model to estimate the macroeconomic impact of a tax reform that … replaces a corporate income tax (CIT) with a destination-based cash-flow tax (DBCFT). Two key channels are at play. The first … channel is the shift from an income tax to a cash-flow tax. This channel induces the corporate sector to invest more, boosting …

We study the economic effects of unilateral adoption of corporate tax policies that include destination-based taxes and … a country with sufficiently large export markets that can optimally adjust its corporate tax rate on domestic earnings …

This paper uses a multi-region, forward-looking, DSGE model to estimate the macroeconomic impact of a tax reform that … replaces a corporate income tax (CIT) with a destination-based cash-flow tax (DBCFT). Two key channels are at play. The first … channel is the shift from an income tax to a cash-flow tax. This channel induces the corporate sector to invest more, boosting …

management practices, namely to avoid paying tax. Therefore, we aim to examine whether taxes still affect earning persistence in … an era of prevalent digital information. For that purpose, we use book-tax differences considering the deductible …

We estimate the revenue implications of a Destination Based Cash Flow Tax (DBCFT) for 80 countries. On a global average …, DBCFT revenues under unchanged tax rates would remain similar to the existing corporate income tax (CIT) revenue, but with …

We estimate the revenue implications of a Destination Based Cash Flow Tax (DBCFT) for 80 countries. On a global average …, DBCFT revenues under unchanged tax rates would remain similar to the existing corporate income tax (CIT) revenue, but with …

We study the economic effects of unilateral adoption of corporate tax policies that include destination-based taxes and … a country with sufficiently large export markets that can optimally adjust its corporate tax rate on domestic earnings …

We analyse the relevance of losses, accounting information on tax loss carryforwards, and deferred taxes for the … encompassing detailed information on tax loss carryforwards and deferred taxes from the tax footnote. Our out-of-sample predictions … show that considering accounting information on tax loss carryforwards and deferred taxes does not enhance the accuracy of …

We analyze the relevande of losses, accounting information on tax loss carryforwards, and deferred taxes for the … encompassing detailed information on tax loss carryforwards and deferred taxes from the tax footnote. Our out-of-sample predictions … show that considering accounting informaton on tax loss carryforwards and deferred taxes does not enhance the accuracy of …

country effect. We find empirical evidence that French, Italian and Spanish firms are influenced by tax rules, while German …

various income-based and cash-flow forms of corporation tax (CT) are discussed. The paper concludes that the dual income tax … income. The DIT is best attuned to the reality of capital mobility and is not held hostage by the higher tax on labour income …. Levied at a uniform flat rate, the DIT minimizes opportunities for tax arbitrage. …

Following several years of study, the Oxford International Tax Group recently proposed a fundamental reform: the … traditional corporate income tax would be replaced by taxation of a corporation’s domestic cash flows. One, perhaps surprising … foreign companies. For example, equilibrating changes in floating exchange rates would transform a U.S. tax on U.S. sales by U …

-specific data from the Bureau of Economic Analysis, we find that firms with high tax-induced foreign cash have approximately 3 …, or approximately $98.9-$141.9 billion in aggregate. We next examine motives for firms with tax-induced foreign cash to …

We show the unique form that must be taken by a tax system based entirely on realization accounting to implement a … uniform capital income tax, or, equivalently, a uniform wealth tax. This system combines elements of an accrual based capital … income tax and a traditional cash flow tax, having many of the attributes of the latter while still imposing a tax burden on …

We show the unique form that must be taken by a tax system based entirely on realization accounting to implement a … uniform capital income tax, or, equivalently, a uniform wealth tax. This system combines elements of an accrual based capital … income tax and a traditional cash flow tax, having many of the attributes of the latter while still imposing a tax burden on …

We model the effects of cash flow taxes on company profit which differ according to the base and location of the tax … trade-offs in choosing between alternative taxes. In particular, a cash-flow tax on a source basis creates welfare …-resident. By contrast, a destination-based cash-flow tax does not distort behaviour, but is incident only on domestic residents …

We examine the effects of unilateral changes in a country’s tax parameters in a two country model when both countries … equilibrium by allowing each country to vary its corporate tax rate, degree of taxation of capital income, and level of border … countries are identical, each has an incentive to move toward source-based taxation. In contrast, changes in corporate tax rates …

adverse selection and moral hazard, as well as its favorable treatment under US tax law …

-dependent time-varying variable which also depends on external shocks (e.g., the pandemic or tax regulations). We show that simple …