...Amanda R. Marino; Luke Watson ABSTRACT We examine the firm value effects of Treasury Regulations, a powerful source of tax law that prior research has largely overlooked. The hasty enactment of the Tax Cuts and Jobs Act (TCJA) left interpretive gaps for Treasury to fill. We employ Treasury...

...Cristi A. Gleason; Tyler S. Menzer; Jaron H. Wilde ABSTRACT The Tax Cuts and Jobs Act (TCJA) of 2017 dramatically reshaped the tax landscape for companies and reduced incentives for multinationals to leave foreign earnings abroad. We study a provision of the law that allowed some multinationals...

...Shannon Chen; Matthew Erickson; Michelle Harding; Bridget Stomberg; Junwei Xia ABSTRACT We use the Tax Cuts and Jobs Act as a setting to offer new insights into companies’ tax accruals. We examine companies’ estimates of the mandatory one-time transition tax on previously untaxed foreign earnings...

...Brooke D. Beyer; Jimmy F. Downes; Mollie E. Mathis; Eric T. Rapley ABSTRACT The Tax Cuts and Jobs Act of 2017 (TCJA) dramatically changed U.S. taxation of foreign earnings for U.S. multinational companies (MNCs). Specifically, the TCJA required taxation of existing unremitted foreign earnings...