... tax volatility tax minimization firm value A tax strategy is a pattern of decision-making and actions related to tax planning intended to maximize after-tax returns and firm value ( Scholes et al. 2014 ). Most recent tax research has focused on examining one particular aspect of firms’ tax...

...Kerry K. Inger ABSTRACT This paper examines the relative valuation of alternative methods of tax avoidance. Prior studies find that firm value is positively associated with overall tax avoidance; I provide evidence that investors distinguish between methods of tax reduction in their valuation...