Business income is important in the upper tail of the personal income distribution, but the extent to which it is … captured by measures of personal income varies substantially across tax regimes. Using linked individual and firm data from … Norway, we are able to attribute business income to personal owners as it accrues rather than when it is realized. This …

We consider a setting in which insiders have information about income that outside shareholders do not, but property … rights ensure that outside shareholders can enforce a fair payout. To avoid intervention, insiders report income consistent … with outsiders' expectations based on publicly available information rather than true income, resulting in an observed …

This paper comprehensively reviews Accounting for Income Taxes (AFIT). The first half provides background and a primer …

compensation that allow corporate insiders to profit extravagantly from temporary boosts in a firm's accounting condition or …

potential loss of profit. By enabling firms to retain only a very small fraction of these potential revenues, the government can …