Managers express growing concern over media coverage of corporate taxes, yet no large-sample empirical study examines this phenomenon. As a first step to fill this void, we identify factors associated with the likelihood and negative tone of media tax coverage and examine firms' tax avoidance...

Although income tax expense is a significant input to valuation models, little empirical evidence exists about which rates investors incorporate. The limited guidance available suggests investors should use the marginal tax rate (MTR), but it is unclear whether investors follow this guidance. We...

We examine how different accounting metrics used to evaluate CEO performance for annual bonuses affect the level of corporate tax planning as well as financial reporting for income taxes. We predict and find that firms using cash flow metrics report lower GAAP and cash effective tax rates (ETR)...