Extent of Corporate Tax Evasion when Taxable Earnings and Accounting Earnings Coincide

Kourdoumpalou, Stavroula; Karagiorgos, Theofanis

doi:10.2139/ssrn.1707689

Cited by 2 publications

(2 citation statements)

References 31 publications

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“…Previous studies have shown that the larger the company the more tax compliant tends to be (Giles, 1998; the previous section between corporate governance Kourdoumpalou and Karagiorgos, 2012).…”

Section: Multivariate Resultsmentioning

confidence: 96%

Do corporate governance best practices restrain tax evasion? Evidence from Greece

Kourdoumpalou¹

2016

J. Account. Taxation

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The aim of the present paper is to examine the association between corporate governance practices and the extent of tax evasion for the Greek listed companies when they operated in an accounting environment characterized by a high level of book-tax conformity. The results suggest that tax evasion is lower when the chairman of the board is also the owner of the company. A strong negative association is also reported between tax evasion and a) the percentage of stock held by the owner and its family members and b) the percentage of stock held by board members. The remuneration of the board members through the distribution of profits has been found to significantly decrease the evasion of taxes whereas tax evasion is higher when board members are also employees of the company. The findings contradict international codes on corporate governance practices and suggest that they may not apply to public firms with concentrated ownership.

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Section: Multivariate Resultsmentioning

confidence: 96%

Do corporate governance best practices restrain tax evasion? Evidence from Greece

Kourdoumpalou¹

2016

J. Account. Taxation

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“…More specifically, accounting researchers found that foreign acquisitions and alliances do an act of 'tax evasion' (e.g., Kourdoumpalou & Karagiorgos, 2012), and tax evasions adversely affect fiscal revenue that obstructs the timely implementation of economic policies and programs. The authors investigated the affect of corporate tax evasion on the investor protection and the capital market functioning during 1992-2006 period.…”

Section: (D) Tax and Taxation Issuesmentioning

confidence: 99%

Determinants of Cross-Border Mergers and Acquisitions: A Comprehensive Review and Future Direction

Reddy

2015

SSRN Journal

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The purpose of this paper is to review and summarize earlier studies analyzing the determinants of cross-border mergers and acquisitions (M&As). We primarily describe the motives of cross-border acquisitions and present the market performance for corporate control transactions over the period 1994-2013. Then, we illustrate the factors affecting cross-border investments and acquisitions in various taxonomies, namely deal-specific factors, firm-and industry-specific attributes, organizational learning and prioracquisition experience, and country-specific factors. We draw special attention to the country-specific taxonomy for various reasons include economic and financial markets environment, institutional and regulatory framework, political situation (including corruption), tax system, accounting and valuation matters, geographical factors and cultural issues. We also provide a synopsis of earlier studies addressing the diversification motive in M&A decision. We thus propose that a host-country's institutional laws and regulatory system, accounting and tax provisions, economic performance, financial markets development, investor protection, geographical, political and cultural factors distinctly affect cross-border acquisition's completion. Lastly, we outline contemporary issues in M&A research, and suggest promising areas for future exploration. JEL Classification: G34

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Extent of Corporate Tax Evasion when Taxable Earnings and Accounting Earnings Coincide

Cited by 2 publications

References 31 publications

Do corporate governance best practices restrain tax evasion? Evidence from Greece

Do corporate governance best practices restrain tax evasion? Evidence from Greece

Determinants of Cross-Border Mergers and Acquisitions: A Comprehensive Review and Future Direction

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