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This paper proposes an indicator of book-tax difference, based on the sum of the absolute amounts of permanent and timing differences. Using this, we first trace the development of book-tax differences over 18 years in seven major countries. We show that the indicator has grown almost...
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The insurance sector can play a critical role in financial and economic development. By reducing uncertainty and the … with long investment horizons, insurance companies can contribute to the provision of long-term instruments to finance … corporate investment and housing. There is evidence of a causal relationship between insurance sector development and economic …
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