...Paul Demeré; Laura Yue Li; Petro Lisowsky; R. William Snyder ABSTRACT This study examines whether the smoothing of GAAP effective tax rates (ETRs) using tax accruals informs or obscures financial reporting quality. We develop a GAAP ETR smoothing measure that isolates variation in tax accruals...

...Jennifer L. Brown; K. C. Lin; Jared A. Moore; Laura A. Wellman ABSTRACT This study examines the impact of tax policy uncertainty (TPU) on analysts' forecasts and managers' interim estimates of effective tax rates (ETRs). We adopt a broad definition of TPU that encompasses both the legislative...

... 10 2019 1 4 2021 2021 tax non-audit services tax avoidance tax risk effective tax rates tax volatility In this study, we examine how auditor provided tax planning and tax compliance services relate to corporate tax avoidance and tax risk. While survey evidence indicates...

... accounting income as the benchmark for measuring tax avoidance in both effective tax rate (ETR) ¹ and book-tax differences (BTD) measures. A firm can increase pretax accounting income without increasing tax payments by, for example, reducing a contingent liability such as a warranty reserve...

... compensation excess tax benefits and deficiencies effective tax rates analyst forecast accuracy On March 30, 2016, the Financial Accounting Standards Board ( FASB 2016 ) issued Accounting Standards Update (ASU) 2016-09, Improvements to Employee Share-Based Payment Accounting, as part of its...

... show that in recent years, the effects of retroactive extensions of the credit are a substantial part of the average decrease in effective tax rates (ETRs) from the third to fourth quarter for calendar-year firms. Our results have implications for investors and researchers examining earnings and ETRs...

... lower future cash and GAAP effective tax rates (ETRs) and less volatile future cash ETRs. Further, we provide evidence of an incremental effect of tax-specific lobbying for firms that develop stronger relationships with tax policymakers via PAC support. Thus, our study links tax-specific PAC support...

...James J. Musumeci; Richard C. Sansing ABSTRACT This study evaluates the relation between a firm's long-run cash effective tax rate (ETR) and the extent to which a corporation's projects are tax-favored or tax-disfavored. We first derive a measure of the extent to which a project is tax-favored...

...Joseph Comprix; Lillian F. Mills; Andrew P. Schmidt ABSTRACT We investigate whether quarterly annual effective tax rate (ETR) estimates are systematically biased in comparison to year-end actual ETRs. We find that estimated annual ETRs in the first, second, and third quarters are systematically...