Perspectives on Corporate Tax Planning: Observations from the Past Decade

Wilde, Jaron H.; Wilson, Ryan J.

doi:10.2308/atax-51993

Cited by 250 publications

(154 citation statements)

References 128 publications

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“…Subsequently, this line of research has advanced, and researchers have proposed other focuses and incorporated new variables, as described in the review by Wilde and Wilson [10]. Several studies have considered management incentives [11][12][13][14][15][16], company governance activities [17][18][19][20][21][22][23][24][25], or ownership structure from various perspectives [26][27][28][29][30][31].…”

Section: Introductionmentioning

confidence: 99%

Influence of Ownership Structure on the Determinants of Effective Tax Rates of Spanish Companies

2019

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This paper examines the effect of state ownership on the effective tax rates of Spanish companies. Using information regarding 3169 companies during the period of 2008–2014, we show that there are significant differences between the tax burdens of non-state-owned enterprises (NSOEs) and state-owned enterprises (SOEs), with the effective tax rates of private ownership companies being higher than those of state-owned firms. Company features, such as size, leverage, research and development investment, profitability, firm age, foreign operations, and auditing determine the tax burden of private ownership firms. That of state-owned companies, however, is affected only by leverage and capital intensity. For both SOEs and NSOEs, the tax burden is lower when they are taxed under the Spanish special taxation regime for small- and medium-sized enterprises. In short, company characteristics are more important in private ownership firms, in which almost all the variables considered have certain repercussions. This result may be because private ownership companies devote more resources to tax avoidance, and their fiscal strategy may determine their economic and financial structure. However, SOEs present significantly lower effective tax rates than NSOEs, probably because of the tax incentives that the law provides for them to support their sustainability.

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Section: Introductionmentioning

confidence: 99%

Influence of Ownership Structure on the Determinants of Effective Tax Rates of Spanish Companies

2019

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“…Engaging in tax avoidance involves advantages and disadvantages (Shackelford & Shevlin, 2001;Wilde & Wilson, 2018). On the one hand, tax avoidance can be beneficial because particular schemes can reduce tax liability and therefore increase liquidity.…”

Section: Tax Avoidance and The Related Advantages And Disadvantagesmentioning

confidence: 99%

Tax avoidance in different firm types and the role of nonfamily involvement in private family firms

Brune¹,

Thomsen²,

Watrin³

2019

Manage Decis Econ

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This study simultaneously distinguishes between private family firms, private nonfamily firms, public family firms, and public nonfamily firms. We show that private family firms avoid taxes less than public family firms and public nonfamily firms; however, we do not find a difference between private family firms and private nonfamily firms. Therefore, building on family firm heterogeneity, our results indicate that tax avoidance in private family firms differs depending on the involvement of nonfamily owners and/or managers. We find that private family firms that are wholly owned and managed by family members indeed avoid taxes less than private nonfamily firms.

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“…Tax risk is conceptually different from tax avoidance, in that the former refers to the volatility of a firm's tax positions across years while the latter refers to the level of a firm's tax position in a particular year (e.g. Guenther et al 2017;Wilde and Wilson 2018;Drake et al 2019). As argued in Sect.…”

Section: The Effect Of Tax Risk On Analyst Coveragementioning

confidence: 99%

The impact of corporate tax avoidance on analyst coverage and forecasts

Ren

Taffler

2019

Rev Quant Finan Acc

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Corporate tax avoidance is likely to be associated with a high level of earnings management and with high financial opacity in the time-series. On this basis, we hypothesize that analyst coverage is negatively associated with corporate tax avoidance. Our results confirm this conjecture, and are robust to using a firm-fixed-effects model and a quasi-natural experiment to control for potential endogeneity. Additional analysis shows that analyst coverage is negatively related to tax risk, but there is no evidence that the informativeness of, or errors in, analyst forecasts are associated with tax avoidance. Overall, our study advances understanding of the implications of corporate tax avoidance for analyst behavior.

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Perspectives on Corporate Tax Planning: Observations from the Past Decade

Cited by 250 publications

References 128 publications

Influence of Ownership Structure on the Determinants of Effective Tax Rates of Spanish Companies

Influence of Ownership Structure on the Determinants of Effective Tax Rates of Spanish Companies

Tax avoidance in different firm types and the role of nonfamily involvement in private family firms

The impact of corporate tax avoidance on analyst coverage and forecasts

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