... find no consistent evidence that private firms are more aggressive tax planners. We then examine whether private firms’ tax planning differs from that of public firms more generally. We find that private firms engage in more conforming tax planning (planning that also reduces pretax accounting income...

... of Accounting, Iowa City, IA, USA. Supplemental material is available online, as linked in the text. Editor’s note: Accepted by Michael P. Donohoe, under the Senior Editorship of W. Robert Knechel. 01 04 2021 07 06 2023 30 06 2023 2024 tax planning consumers...

... of Business, Department of Accounting, Iowa City, IA, USA. Editor's note: Accepted by Michael P. Donohoe. tax enforcement investment tax planning tax authority state aid On January 20, 2020, Apple Inc. CEO Tim Cook met with Irish Prime Minister Leo Vradkar in Dublin, Ireland to receive...

...Andrew A. Acito; Michelle Nessa ABSTRACT We provide large sample evidence of law firms facilitating U.S. publicly traded companies' tax planning, investigate when evidence of law firm involvement is strongest, and examine some tax planning mechanisms law firms facilitate. Because companies' tax...

... that reducing income tax expense is a means of meeting earnings expectations. We find that effective tax rates are lower after clawback adoption due to increased investments in tax planning. We identify three tax planning activities that clawback companies invest in to lower effective tax rates: purchases...

... strategies. While nonconforming tax avoidance is without question an important, if not dominant, tax planning strategy, it is not the only tax strategy. If we are to have a more complete understanding of the determinants of corporate tax avoidance and the undersheltering puzzle, then we require...

... of Tennessee, the 2015 AAA/Deloitte/J. Michael Cook Doctoral Consortium, the 2015 AAA Annual Meeting, and the 2015 University of Illinois Tax Doctoral Consortium II. We also appreciate helpful conversations with Tim Wach, and help with data collection from Max Schuchard. role of the media tax planning...

...Shane M. Heitzman; Maria Ogneva ABSTRACT We find evidence that equity returns increase with the propensity for tax planning in a firm's industry. This risk premium is imposed on all firms in the industry, even those that are less aggressive than their peers. The industry-based risk premium...

...Karthik Balakrishnan; Jennifer L. Blouin; Wayne R. Guay ABSTRACT We investigate whether aggressive tax planning firms have a less transparent information environment. Although tax planning provides expected tax savings, it can simultaneously increase the financial complexity of the organization...

... note: Accepted by John Harry Evans III. January 2014 February 2016 2016 tax avoidance tax planning cost of equity Dyreng, Hanlon, and Maydew (2008) document that many U.S. corporations exhibit low long-run cash effective tax rates. ¹ Presumably...

...Alexander Edwards; Casey Schwab; Terry Shevlin ABSTRACT We investigate the association between financial constraints and cash savings generated through tax planning. We predict that an increase in financial constraints leads firms to increase internally generated funds via tax planning. We measure...

...John R. Graham; Michelle Hanlon; Terry Shevlin; Nemit Shroff ABSTRACT We analyze survey responses from nearly 600 corporate tax executives to investigate firms' incentives and disincentives for tax planning. While many researchers hypothesize that reputational concerns affect the degree to which...