schliessen

Filtern

 

Bibliotheken

Long-Run Corporate Tax Avoidance

We develop and describe a new measure of long-run corporate tax avoidance that is based on the ability to pay a low amount of cash taxes per dollar of pre-tax earnings over long time periods. We label this measure the "long-run cash effective tax rate." We use the long-run cash effective tax rate to... Full description

Journal Title: The Accounting review 2008, Vol.83 (1), p.61-82
Main Author: Dyreng, Scott D.
Other Authors: Hanlon, Michelle , Maydew, Edward L.
Format: Electronic Article Electronic Article
Language: English
Subjects:
Quelle: Alma/SFX Local Collection
Publisher: Sarasota: American Accounting Association
ID: ISSN: 0001-4826
Zum Text:
SendSend as email Add to Book BagAdd to Book Bag
Staff View
recordid: cdi_proquest_miscellaneous_36847472
title: Long-Run Corporate Tax Avoidance
format: Article
creator:
  • Dyreng, Scott D.
  • Hanlon, Michelle
  • Maydew, Edward L.
subjects:
  • Asymmetry
  • Business management
  • Business structures
  • Cash
  • Cash flow
  • Corporate income tax
  • Corporate income taxes
  • Corporate taxation
  • Corporate taxes
  • Corporations
  • Deferred taxes
  • Economic efficiency
  • Effective income tax rates
  • Effective tax rate
  • Financial accounting standards
  • Generally accepted accounting principles
  • Income taxes
  • Long-term analysis
  • Measurement
  • Property taxes
  • Studies
  • Tax avoidance
  • Tax planning
  • Tax rates
  • Taxation
  • Total taxes
ispartof: The Accounting review, 2008, Vol.83 (1), p.61-82
description: We develop and describe a new measure of long-run corporate tax avoidance that is based on the ability to pay a low amount of cash taxes per dollar of pre-tax earnings over long time periods. We label this measure the "long-run cash effective tax rate." We use the long-run cash effective tax rate to examine (1) the extent to which some firms are able to avoid taxes over periods as long as ten years, and (2) how predictive one-year tax rates are for long-run tax avoidance. In our sample of 2,077 firms, we find there is considerable cross-sectional variation in tax avoidance. For example, approximately one-fourth of our sample firms are able to maintain long-run cash effective tax rates below 20 percent, compared to a sample mean tax rate of approximately 30 percent. We also find that annual cash effective tax rates are not very good predictors of long-run cash effective tax rates and, thus, are not accurate proxies for long-run tax avoidance. While there is some evidence of persistence in annual cash effective tax rates, the persistence is asymmetric. Low annual cash effective tax rates are more persistent than are high annual cash effective tax rates. An initial examination of characteristics of firms successful at keeping their cash effective tax rates low over long periods shows that they are well spread across industries but with some clustering.
language: eng
source: Alma/SFX Local Collection
identifier: ISSN: 0001-4826
fulltext: fulltext
issn:
  • 0001-4826
  • 1558-7967
url: Link


@attributes
NO1
SEARCH_ENGINEprimo_central_multiple_fe
SEARCH_ENGINE_TYPEPrimo Central Search Engine
RANK2.6873462
LOCALfalse
PrimoNMBib
record
control
sourceidgale_proqu
recordidTN_cdi_proquest_miscellaneous_36847472
sourceformatXML
sourcesystemPC
galeidA176555243
jstor_id30243511
sourcerecordidA176555243
originalsourceidFETCH-LOGICAL-1562t-ba7369a5ccd40761d6fa7089767c6dd0e2c2188466fcd11024a6e81ce94b4f373
addsrcrecordideNp9kV1r2zAUhsVYoVm7H7CLQVhhV7Wro29fhrC1hUChtNdCkeVMwZEyyS7tv59MRllDGQIJiec556AXoS-Aa0KxujLWpppgrGpFa6gFfEAz4FxVshHyI5phjKFiiohT9Cnnbbky0cAMzVcxbKr7McyXMe1jMoObP5jn-eIp-tYE687RSWf67D7_Pc_Q488fD8ubanV3fbtcrCrgggzV2kgqGsOtbRmWAlrRGYlVI4W0om2xI5aAUkyIzrYAmDAjnALrGrZmHZX0DH0_1N2n-Ht0edA7n63rexNcHLOmQjHJJCngtyNwG8cUymy6dOCcEaAFujhAG9M77UMXh2TsVFEvQArOOWETVb9DldW6nbcxuM6X9zfC5T_Cesw-uFy27De_hrwxY85vcTjgNsWck-v0PvmdSS8asJ5i01NseopNK6pBCyiOPHKsH8zgYyiz-f6_5teDuc1DTK-taPlrygHoH0JRotI
sourcetypeAggregation Database
isCDItrue
recordtypearticle
pqid218554213
display
typearticle
titleLong-Run Corporate Tax Avoidance
sourceAlma/SFX Local Collection
creatorDyreng, Scott D. ; Hanlon, Michelle ; Maydew, Edward L.
creatorcontribDyreng, Scott D. ; Hanlon, Michelle ; Maydew, Edward L.
descriptionWe develop and describe a new measure of long-run corporate tax avoidance that is based on the ability to pay a low amount of cash taxes per dollar of pre-tax earnings over long time periods. We label this measure the "long-run cash effective tax rate." We use the long-run cash effective tax rate to examine (1) the extent to which some firms are able to avoid taxes over periods as long as ten years, and (2) how predictive one-year tax rates are for long-run tax avoidance. In our sample of 2,077 firms, we find there is considerable cross-sectional variation in tax avoidance. For example, approximately one-fourth of our sample firms are able to maintain long-run cash effective tax rates below 20 percent, compared to a sample mean tax rate of approximately 30 percent. We also find that annual cash effective tax rates are not very good predictors of long-run cash effective tax rates and, thus, are not accurate proxies for long-run tax avoidance. While there is some evidence of persistence in annual cash effective tax rates, the persistence is asymmetric. Low annual cash effective tax rates are more persistent than are high annual cash effective tax rates. An initial examination of characteristics of firms successful at keeping their cash effective tax rates low over long periods shows that they are well spread across industries but with some clustering.
identifier
0ISSN: 0001-4826
1EISSN: 1558-7967
2DOI: 10.2308/accr.2008.83.1.61
3CODEN: ACRVAS
languageeng
publisherSarasota: American Accounting Association
subjectAsymmetry ; Business management ; Business structures ; Cash ; Cash flow ; Corporate income tax ; Corporate income taxes ; Corporate taxation ; Corporate taxes ; Corporations ; Deferred taxes ; Economic efficiency ; Effective income tax rates ; Effective tax rate ; Financial accounting standards ; Generally accepted accounting principles ; Income taxes ; Long-term analysis ; Measurement ; Property taxes ; Studies ; Tax avoidance ; Tax planning ; Tax rates ; Taxation ; Total taxes
ispartofThe Accounting review, 2008, Vol.83 (1), p.61-82
rights
0Copyright 2008 American Accounting Association
1Copyright American Accounting Association Jan 2008
lds50peer_reviewed
citedbyFETCH-LOGICAL-1562t-ba7369a5ccd40761d6fa7089767c6dd0e2c2188466fcd11024a6e81ce94b4f373
citesFETCH-LOGICAL-1562t-ba7369a5ccd40761d6fa7089767c6dd0e2c2188466fcd11024a6e81ce94b4f373
links
openurl$$Topenurl_article
openurlfulltext$$Topenurlfull_article
thumbnail$$Usyndetics_thumb_exl
search
creatorcontrib
0Dyreng, Scott D.
1Hanlon, Michelle
2Maydew, Edward L.
title
0Long-Run Corporate Tax Avoidance
1The Accounting review
descriptionWe develop and describe a new measure of long-run corporate tax avoidance that is based on the ability to pay a low amount of cash taxes per dollar of pre-tax earnings over long time periods. We label this measure the "long-run cash effective tax rate." We use the long-run cash effective tax rate to examine (1) the extent to which some firms are able to avoid taxes over periods as long as ten years, and (2) how predictive one-year tax rates are for long-run tax avoidance. In our sample of 2,077 firms, we find there is considerable cross-sectional variation in tax avoidance. For example, approximately one-fourth of our sample firms are able to maintain long-run cash effective tax rates below 20 percent, compared to a sample mean tax rate of approximately 30 percent. We also find that annual cash effective tax rates are not very good predictors of long-run cash effective tax rates and, thus, are not accurate proxies for long-run tax avoidance. While there is some evidence of persistence in annual cash effective tax rates, the persistence is asymmetric. Low annual cash effective tax rates are more persistent than are high annual cash effective tax rates. An initial examination of characteristics of firms successful at keeping their cash effective tax rates low over long periods shows that they are well spread across industries but with some clustering.
subject
0Asymmetry
1Business management
2Business structures
3Cash
4Cash flow
5Corporate income tax
6Corporate income taxes
7Corporate taxation
8Corporate taxes
9Corporations
10Deferred taxes
11Economic efficiency
12Effective income tax rates
13Effective tax rate
14Financial accounting standards
15Generally accepted accounting principles
16Income taxes
17Long-term analysis
18Measurement
19Property taxes
20Studies
21Tax avoidance
22Tax planning
23Tax rates
24Taxation
25Total taxes
issn
00001-4826
11558-7967
fulltexttrue
rsrctypearticle
creationdate2008
recordtypearticle
recordideNp9kV1r2zAUhsVYoVm7H7CLQVhhV7Wro29fhrC1hUChtNdCkeVMwZEyyS7tv59MRllDGQIJiec556AXoS-Aa0KxujLWpppgrGpFa6gFfEAz4FxVshHyI5phjKFiiohT9Cnnbbky0cAMzVcxbKr7McyXMe1jMoObP5jn-eIp-tYE687RSWf67D7_Pc_Q488fD8ubanV3fbtcrCrgggzV2kgqGsOtbRmWAlrRGYlVI4W0om2xI5aAUkyIzrYAmDAjnALrGrZmHZX0DH0_1N2n-Ht0edA7n63rexNcHLOmQjHJJCngtyNwG8cUymy6dOCcEaAFujhAG9M77UMXh2TsVFEvQArOOWETVb9DldW6nbcxuM6X9zfC5T_Cesw-uFy27De_hrwxY85vcTjgNsWck-v0PvmdSS8asJ5i01NseopNK6pBCyiOPHKsH8zgYyiz-f6_5teDuc1DTK-taPlrygHoH0JRotI
startdate20080101
enddate20080101
creator
0Dyreng, Scott D.
1Hanlon, Michelle
2Maydew, Edward L.
generalAmerican Accounting Association
scope
0AAYXX
1CITATION
2BSHEE
33V.
47WY
57WZ
67X1
77XB
887Z
988C
108A9
118AO
128BJ
138FI
148FJ
158FK
168FL
178G5
18ABUWG
19ANIOZ
20AZQEC
21BENPR
22BEZIV
23DWQXO
24FQK
25FRAZJ
26FRNLG
27FYUFA
28F~G
29GHDGH
30GNUQQ
31GUQSH
32JBE
33K60
34K6~
35L.-
36M0C
37M0T
38M2O
39MBDVC
40PADUT
41PQBIZ
42PQBZA
43PQEST
44PQQKQ
45PQUKI
46PRINS
47PYYUZ
48Q9U
sort
creationdate20080101
titleLong-Run Corporate Tax Avoidance
authorDyreng, Scott D. ; Hanlon, Michelle ; Maydew, Edward L.
facets
frbrtype5
frbrgroupidcdi_FETCH-LOGICAL-1562t-ba7369a5ccd40761d6fa7089767c6dd0e2c2188466fcd11024a6e81ce94b4f373
rsrctypearticles
prefilterarticles
languageeng
creationdate2008
topic
0Asymmetry
1Business management
2Business structures
3Cash
4Cash flow
5Corporate income tax
6Corporate income taxes
7Corporate taxation
8Corporate taxes
9Corporations
10Deferred taxes
11Economic efficiency
12Effective income tax rates
13Effective tax rate
14Financial accounting standards
15Generally accepted accounting principles
16Income taxes
17Long-term analysis
18Measurement
19Property taxes
20Studies
21Tax avoidance
22Tax planning
23Tax rates
24Taxation
25Total taxes
toplevel
0peer_reviewed
1online_resources
creatorcontrib
0Dyreng, Scott D.
1Hanlon, Michelle
2Maydew, Edward L.
collection
0CrossRef
1Academic OneFile (A&I only)
2ProQuest Central (Corporate)
3ABI/INFORM Collection
4ABI/INFORM Global (PDF only)
5Accounting & Tax Database
6ProQuest Central (purchase pre-March 2016)
7ABI/INFORM Global (Alumni Edition)
8Healthcare Administration Database (Alumni)
9Accounting & Tax Database (Alumni Edition)
10ProQuest Pharma Collection
11International Bibliography of the Social Sciences (IBSS)
12Hospital Premium Collection
13Hospital Premium Collection (Alumni Edition)
14ProQuest Central (Alumni) (purchase pre-March 2016)
15ABI/INFORM Collection (Alumni Edition)
16Research Library (Alumni Edition)
17ProQuest Central (Alumni Edition)
18Accounting, Tax & Banking Collection
19ProQuest Central Essentials
20ProQuest Central
21Business Premium Collection
22ProQuest Central Korea
23International Bibliography of the Social Sciences
24Accounting, Tax & Banking Collection (Alumni)
25Business Premium Collection (Alumni)
26Health Research Premium Collection
27ABI/INFORM Global (Corporate)
28Health Research Premium Collection (Alumni)
29ProQuest Central Student
30Research Library Prep
31International Bibliography of the Social Sciences
32ProQuest Business Collection (Alumni Edition)
33ProQuest Business Collection
34ABI/INFORM Professional Advanced
35ABI/INFORM Global
36Healthcare Administration Database
37Research Library
38Research Library (Corporate)
39Research Library China
40ProQuest One Business
41ProQuest One Business (Alumni)
42ProQuest One Academic Eastern Edition
43ProQuest One Academic
44ProQuest One Academic UKI Edition
45ProQuest Central China
46ABI/INFORM Collection China
47ProQuest Central Basic
jtitleThe Accounting review
delivery
delcategoryRemote Search Resource
fulltextfulltext
addata
au
0Dyreng, Scott D.
1Hanlon, Michelle
2Maydew, Edward L.
formatjournal
genrearticle
ristypeJOUR
atitleLong-Run Corporate Tax Avoidance
jtitleThe Accounting review
date2008-01-01
risdate2008
volume83
issue1
spage61
epage82
pages61-82
issn0001-4826
eissn1558-7967
codenACRVAS
abstractWe develop and describe a new measure of long-run corporate tax avoidance that is based on the ability to pay a low amount of cash taxes per dollar of pre-tax earnings over long time periods. We label this measure the "long-run cash effective tax rate." We use the long-run cash effective tax rate to examine (1) the extent to which some firms are able to avoid taxes over periods as long as ten years, and (2) how predictive one-year tax rates are for long-run tax avoidance. In our sample of 2,077 firms, we find there is considerable cross-sectional variation in tax avoidance. For example, approximately one-fourth of our sample firms are able to maintain long-run cash effective tax rates below 20 percent, compared to a sample mean tax rate of approximately 30 percent. We also find that annual cash effective tax rates are not very good predictors of long-run cash effective tax rates and, thus, are not accurate proxies for long-run tax avoidance. While there is some evidence of persistence in annual cash effective tax rates, the persistence is asymmetric. Low annual cash effective tax rates are more persistent than are high annual cash effective tax rates. An initial examination of characteristics of firms successful at keeping their cash effective tax rates low over long periods shows that they are well spread across industries but with some clustering.
copSarasota
pubAmerican Accounting Association
doi10.2308/accr.2008.83.1.61